The Prof G Pod with Scott Galloway

Capitalism Needs Empathy

Dec 3, 2020

Nick Molnar, co-founder and CEO of Afterpay, dives into the fintech revolution, explaining how their buy-now-pay-later model is reshaping spending habits among millennials. He contrasts the startup cultures of San Francisco and Sydney, offering insights into entrepreneurship in different cultural landscapes. The discussion highlights the urgent need for empathy in capitalism, especially as the pandemic widens socioeconomic gaps, urging a shift towards community support and more equitable policies.

47:16

Episode guests

Nick Molnar

AI Chapters

Episode notes

Intro

4min

The Impact of Dispersion on Consumer Behavior

5min

Fintech and Retail: Navigating Consumer Behavior Shifts

17min

Navigating Entrepreneurship in Australia: Challenges and Opportunities

5min

Regulations and Retail: A Changing Landscape

11min

Empathy as the Foundation of Capitalism

5min

Nick Molnar, the co-founder and CEO of Afterpay, joins Scott to discuss the company’s ‘buy now, take now, pay later’ business model, how millennials' spending habits are changing, and Nick’s experience as an entrepreneur. Nick also compares and contrasts running a startup in San Francisco vs. Sydney. (7:48)

Scott opens with his thoughts on the acceleration of e-commerce.

This week’s Office Hours: Airbnb and tax regulations, deciding whether to get an M.B.A, and why experiential retail can’t save every retailer. (30:54)

Algebra of Happiness: the vulnerability of capitalism. (41:24)

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