The Prof G Pod with Scott Galloway No Mercy / No Malice: Mammon
15 snips
Dec 2, 2023 The podcast dives into the near collapse of OpenAI, framing it as a clash between capital and ideals. It critiques the shift from non-profit to for-profit, questioning the true commitment of corporations to social good. The discussion extends to the biases in advertising-driven businesses, highlighting the need for stronger government oversight. Listeners will reflect on the ethical implications of corporate behavior and the call for collective responsibility within capitalism.
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Capital vs. Ideals
- When capital and ideals clash, capital usually wins.
- The failure of OpenAI as a non-profit demonstrates this.
OpenAI and Google
- OpenAI, initially a non-profit, became profit-driven after Microsoft's investment.
- This mirrors Google's shift from "Don't be evil" to prioritizing profits.
ESG Investing's Failure
- ESG investing, prioritizing environmental, social, and governance factors, has largely failed.
- It's primarily branding, with similar returns to standard indices but higher fees.
