yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

Is an Economy for the People, or to Maximize Profit? Innovation, Disruption, Trump | Michael Slaby


3m read
·Nov 3, 2024

Processing might take a few minutes. Refresh later.

I think it's really easy—in sort of the world of marketing in general—to sort of fall victim to this “shiny object syndrome” of like innovation for the sake of innovation and disruption for the sake of disruption. I think both of those concepts are ultimately pretty bad for society.

Innovation and disruption for the sake of innovation and disruption is like driving a wrecking ball blindfolded. Unless there's some real reason and mission and goal for turning an industry upside down, if our only goal is turning one dollar into two or ten, I'm not sure that sufficient motivation to upend an economy.

Sometimes innovation and disruption are necessary for progress; they're necessary for rethinking things and for getting out of stale habits that aren't working. But I think especially when it comes to technology relative to social good—and politics having a clear understanding of the communities that you're engaging and a clear mission—that you're talking about the role, that people are going to have in the mission that you're trying to drive is much more important than any particular technical innovation.

Using new tools is a good idea. Reaching people in ways and reaching people where they are, reaching communities where they're comfortable and in their own language and listening on those platforms and in those networks where people are, these are all things that we should do.

But the goal here isn't to do something new; the goal is the same as it's always been, which is to build a relationship with a person that sees our vision for the future or an issue or the country the same way we do and to inspire in them a desire to participate in the future that we're trying to lay out and that we're trying to lead.

I think this is where there's a real challenge in a world where attention is so divided, where we consume so much content from so many places. If we are too quick to skip to tactical conversations or in politics too quickly to skip the policy—“So I hear that you have anxiety about the future of your job. I have a 39-point plan”—when we're too quick to skip past the emotion of anxiety and the need for that person to feel comfortable and confident in that we understand the anxiety that they feel, we lose track of people really fast.

And I think that's a place where President Trump was extremely successful in 2016. He spoke to a frustration and an anxiety about the pace of change that scares people, and it's disruptive to all of us. The pace of innovation is so fast that we are all living through more disruption and more change than we've ever had to before.

And speaking to that anxiety and that uncertainty is a really important part of leadership. Leading a community through change is about confidence and managing anxiety and managing change.

And I think skipping to I think ultimately the promises that President Trump made during the campaign are ones that he can't deliver on. I think that ultimately he's a little bit like a seventh-grader running for a class president saying he's going to put Coca-Cola in the water fountains.

But he's speaking to a feeling and an intensity and an emotion that is important, and not speaking at that altitude about values and belief is a real deficit for progressives I think...

More Articles

View All
TALKING BACKWARDS (Backwards Banter Brain Testing) - Smarter Every Day 168
Hey, it’s me, Destin. Welcome back to Smarter Every Day. A while back on the Smarter Every Day subreddit, someone made a post that said something like “no one ever believes that I can talk backwards.” This caught my eye, and I watched the video, and it wa…
Experimental versus theoretical probability simulation | Probability | AP Statistics | Khan Academy
What we’re going to do in this video is explore how experimental probability should get closer and closer to theoretical probability as we conduct more and more experiments, or as we conduct more and more trials. This is often referred to as the law of la…
Charlie Munger's New Warning for the 2023 Stock Market
I used to come to the Berkshire annual meetings on coach from Los Angeles, and it was full of rich stockholders, and they would clap when I came into the coach section. I really like that. Holly mentioned Warren Buffett’s right-hand man, the vice chairma…
The Case of the Early Bird | Teacher Resources | Financial Literacy | Khan Academy
The name’s Duction, Detective Duction. I’m a private eye, and my eye is pointed straight at Monetary Mysteries. Love them! Financial Tom Foolery, dollar double dealing—that’s my wheelhouse, and no mistake. There’s one case I keep coming back to, turning …
If You Were a Tree... - Fan Questions | StarTalk
I’d want to be planted in a wide-open meadow so that every one of my branches can receive all the sunlight at once. I don’t want to have to compete for the photons from the Sun, which is what goes on daily, hourly, in a forest, especially rainforests wher…
Mohnish Pabrai: How to Invest in an Overvalued Market (2021)
I never focus on what is happening in markets and, uh, you know, macro events and all of that. I think at the end of the day what matters is how does a particular business do over a long period of time. I think the important thing in investing is can I te…