Peak Performance: Identify whether it is motivation or capability hindering performance. Extend rope to junior people when the downside is low. Always increase their scope.
George Santayana wrote “Fanaticism consists in redoubling your effort when you have forgotten your aim.”
Ben Thompson described this phenomenon in his signature aggregation theory. Pre-internet, you captured profits by controlling supply. Now, post-internet, you capture profits by aggregating demand.
A common misconception is that the IoJ will be like the gig economy. It is true that gig sites like UpWork, Fiver, Uber, and others have been hallmark web2 marketplaces.
But we’ll see an uncoupling of learning and socialization over the next decade. The most privileged Americans will continue to go to college, but for many Americans, the cost of college will be untenable. These Americans will learn skills through online providers, while finding community through other mediums.