"Upstream" with Erik Torenberg cover image

E29: Sense-Making, a Top 1% Information Diet, and Generation Warfare with Michael Guimarin

"Upstream" with Erik Torenberg

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Institutions vs Networks: Power and Global Elite

The chapter discusses the fundamental conflict between institutions and networks, represented by individuals in the common folk and people in the aristocracy. It explains that there is a global elite consisting of individuals with institutional power, rather than a divide between left and right or country versus country. The conversation also touches on individuals like Elon Musk, Jeff Bezos, Bill Gates, and Steve Jobs, who have a perspective shaped by their status and access to information as wealthy individuals. It mentions the concept of being an accredited investor, which grants access to better information and the ability to invest in private companies before they go public.

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