With the corporation, there's a vtocracy of power of veto that plays a roles explain that. If you're in middle management and you propose some, you know, very potentially spectacular project for your company,. You're going to have to sit in on sitting in meetings with 10 people in the room. And if one of them says this won't fly,you're done. That's actually rational from the corporations point of view because as middle manager, you have very little skin in the game. On the other hand, if the corporation loses the 20 million, you're going to lose zero of the downside. So yeah, there's just a different incentive and a different kind of experience
Economist and author Arnold Kling talks with EconTalk host Russ Roberts about the recent drama in the tech world--Elon Musk's acquisition of Twitter, the collapse of FTX, and the appearance of ChatGPT. Underlying topics discussed include the potential for price discrimination to make social media profitable, whether you could tell Jeff Bezos from Sam Bankman-Fried early on, and the role of human beings in the world of artificial intelligence.