Another example of a contemporary cooperative is Associated Press. Because it’s a cooperative owned by members of various news organizations, it is very much invested in supporting small news outlets because of its membership model. Nobody accuses AP of spreading “fake news” — its cooperative incentive structure results in factual, reliable informa... See more
Robinhood right now is like a hot Blackjack table. Everyone is winning, and the people who are losing are losing so spectacularly that it heightens the experience for everyone. When the table cools down -- markets don’t normally stay on runs like the one they’re on right now -- and things become a lot less volatile, a lot of the thrill-seekers will... See more
I think comparisons to YouTube are apt, but they’re missing one key differentiating factor. YouTube had a 10-year head start as the dominant player in user-generated video. It wasn’t until the mid-2010s that platforms like Facebook Watch, Twitter video, IGTV, and TikTok entered the picture.
“The public is often accused of being disconnected from its military, but frankly it's disconnected from just about everything. Farming, mineral extraction, gas and oil production, bulk cargo transport, logging, fishing, infrastructure construction—all the industries that keep the nation going are mostly unacknowledged by the people who depend on t... See more
Laborious solutions will often have more prestige in the short term. They cost a lot of effort and they're hard to understand, both of which impress people, at least temporarily.
Whereas some of the very best work will seem like it took comparatively little effort, because it was in a sense already there. It didn't have to be built, just seen. It's ... See more