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Naval

Groups Never Admit Failure

Dec 8, 2021
0
02:08

Podcast summary created with Snipd AI

Quick takeaways

  • Groups tend to cling to a mythology of oppression rather than acknowledging mistakes.
  • For-profit entities are more sustainable and ethical due to objective feedback from the market.

Deep dives

Groups never admit failure

Groups, unlike individuals, are reluctant to admit failure. Individuals may eventually be forced to admit failure, but groups tend to cling to a mythology of oppression rather than acknowledging mistakes. Large groups often experience schisms and in-fighting when faced with the need to change their beliefs or opinions. This pattern can also be observed in the cryptocurrency world, where coins fork rather than admitting shortcomings. The lack of objective feedback and loss in group dynamics allows for the misdirection of resources and the perpetuation of a false sense of success. In contrast, for-profit entities, while not immune to corruption, are more sustainable in the long term as they have to take feedback from reality and are not solely reliant on social profit.

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