3min chapter

The Tim Ferriss Show cover image

#278: Tim O'Reilly - The Trend Spotter

The Tim Ferriss Show

CHAPTER

Are We Telling Our Economy to Optimize For?

In the seventies and eighties, we kind of shifted the fitness function to shareholder value. We have tax preferences around capital gains versus how we tax labor. There's a in of rules about how much people work, how much time off they got. And you can see, youknow, tis different oulit. Just look at german stakeholder capitalismo. Here's a different system with different rules, has different outcomes. So we have to constantly check our map and ask ourselves, are we optimizing for the right things? What rule should we be changing in order to get a closer to the outcome we really want?

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