Capitalism
If everyone owns a slice of American value creation, everyone will want America to do better: collective equity in innovation and in the success of the country will align our incentives. The new social contract will be a floor for everyone in exchange for a ceiling for no one, and a shared belief that technology can and must deliver a virtuous... See more
Sam Altman · March 16 • Moore's Law for Everything
The unabated “creative destruction” of one kind of capital after another has only further increased the wealth of a few and done nothing to emancipate the overall collective creative spirit, which has remained stagnant. Today, almost every artistic effort inevitably (perhaps unknowingly) reinscribes the values of the ruling capitalist class.
GD Dess • Cultural Dopes
Blue Cross and Blue Shield began as nonprofits that insured all comers. But as big profit-seeking insurers targeted younger and healthier people, the Blues were left to insure the older and less healthy, which made it impossible for them to continue. They turned to making money. Now, private equity runs hospitals, into the ground.
Robert Reich • How private equity is destroying the labors of love
Who gets to determine the future is important!
If corporations, billionaires, and oil tycoons are the ones at the forefront of envisioning and building a new future – which are exactly the same actors that led to today’s polycrisis – then something is terribly wrong!
If corporations, billionaires, and oil tycoons are the ones at the forefront of envisioning and building a new future – which are exactly the same actors that led to today’s polycrisis – then something is terribly wrong!