Capitalism 2.0 Will Include a Healthy Dose of Socialism (YouTube Content)

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Capitalism 2.0 Will Include a Healthy Dose of Socialism
Information
Guest(s)	Eric Weinstein
Length	00:11:25
Release Date	4 June 2017
Links
YouTube	Watch
Portal Blog	Read
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Capitalism 2.0 Will Include a Healthy Dose of Socialism was a video with Eric Weinstein on Big Think.

Description

America is falling behind when it comes to leadership, and it's pretty much directly correlated to how we value people with technical brains. They aren't given enough power, so much of the American way of the last 50 to 60 years or so has been marginalized by middle management types. The reason, Eric Weinstein argues, is that these types don't trust the smarter and more technical minded men and women. One example Weinstein gives is that university presidents 60 years ago might come from a physics or math background—now they're much more likely to be middle management types who have worked their way up the ladder using charm. Weinstein also makes an extremely valid point that technical talent can build a more optimistic future. This was certainly the case in the middle of the 20th century, but has been lost by the wayside. Meanwhile, superpowers like China have the same outlook we used to and are vaulting ahead in the world using the same mindset we used to have.

ERIC WEINSTEIN:

Eric Weinstein is an American mathematician and economist. He earned his Ph.D in mathematical physics from Harvard University in 1992, is a research fellow at the Mathematical Institute of Oxford University, and is a managing director of Thiel Capital in San Francisco. He has published works and is an expert speaker on a range of topics including economics, immigration, elite labor, mitigating financial risk and incentivizing of creative risks in the hard sciences.

Transcript

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