87 - Decentralized Neocortex with Jordan Hall
GreenPill
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The Fiduciary Duty for Shareholder Maximization Is Paperclip Maximizer
The fiduciary duty that happens in for profit corporations causes them to be a paperclip maximizer for shareholder value. If you're just the director of marketing at GM, the only way for me to personally feel like I am growing is either to eat more of GM or for GM to eat moreof the world. But if instead of that, I actually have, let's say, 50 things that I'm contributing to, there's another whole other way for me To expand my capacity in the world, which is I could have 51st thing.
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