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E75: The Future of AI-Enabled Companies with Omar Shams, CEO of Mutable AI
"Upstream" with Erik Torenberg
Waste Is Inherent to All Systems
Both capitalism and communism inherently suffer from waste, yet the extent and management of this waste vary between the two. A critical consideration lies in identifying which system acknowledges and addresses waste more effectively, as well as determining when the level of waste is acceptable relative to its avoidance costs. The discussion extends to the necessity of legal professionals, suggesting that the prevalence of lawyers is more about compliance with a societal standard than true necessity, indicating that systems often rely on redundant roles to mitigate risks that arise from uncertainty and lack of knowledge.
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