The Seen and the Unseen - hosted by Amit Varma cover image

Ep 321: Josh Felman Tries to Make Sense of the World

The Seen and the Unseen - hosted by Amit Varma

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Markets Are the Same as Democracy, but Way Better

In democracy, everyone gets to have a voice, but there is only one winner. Most of the time, unless you're a niche of one or a really small niche,. But if you're even 0.1% of the people who favors a particular product or a particular whatever, you are going to get it. Today's computer is infinitely better than computers of even 10 years ago. This is a this is a tremendous benefit, which you're right, is not being quantified in terms of GDP. And it's a real pity because, as we were saying earlier in the conversation, this is changing the country and the world.

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