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Spotlight — How might a long-term stock market transform tech?

Spotlight — How might a long-term stock market transform tech?

FromYour Undivided Attention


Spotlight — How might a long-term stock market transform tech?

FromYour Undivided Attention

ratings:
Length:
39 minutes
Released:
Aug 25, 2022
Format:
Podcast episode

Description

At Center for Humane Technology, we often talk about multipolar traps — which arise when individuals have an incentive to act in ways that are beneficial to them in the short term, but detrimental to the group in the long term. Think of social media companies that compete for our attention, so that when TikTok introduces an even-more addictive feature, Facebook and Twitter have to mimic it in order to keep up, sending us all on a race to the bottom of our brainstems.Intervening at the level of multipolar traps has extraordinary leverage. One such intervention is the Long Term Stock Exchange — a U.S. national securities exchange serving companies and investors who share a long-term vision. Instead of asking public companies to pollute less or be less addictive while holding them accountable to short-term shareholder value, the Long-Term Stock Exchange creates a new playing field, which incentivizes the creation of long-term stakeholder value.This week on Your Undivided Attention, we’re airing an episode of a podcast called ZigZag — a fellow member of the TED Audio Collective. In an exploration of how technology companies might transcend multipolar traps, we're sharing with you ZigZag’s conversation with Long Term Stock Exchange founder Eric Ries.CORRECTION: In the episode, we say that TikTok has outcompeted Facebook, Instagram, and YouTube. In fact, TikTok has outcompeted Facebook, but not yet YouTube or Instagram — TikTok has 1 billion monthly users, while YouTube has 2.6 billion and Instagram has 2 billion. However, we can say that TikTok is on a path toward outcompeting YouTube and Instagram.RECOMMENDED YUA EPISODESAn Alternative to Silicon Valley Unicorns with Mara Zepeda & Kate “Sassy” Sassoon: https://www.humanetech.com/podcast/54-an-alternative-to-silicon-valley-unicornsA Problem Well-Stated Is Half-Solved with Daniel Schmachtenberger: https://www.humanetech.com/podcast/a-problem-well-stated-is-half-solvedHere’s Our Plan And We Don’t Know with Tristan Harris, Aza Raskin, and Stephanie Lepp: https://www.humanetech.com/podcast/46-heres-our-plan-and-we-dont-know
Released:
Aug 25, 2022
Format:
Podcast episode

Titles in the series (100)

Technology companies are locked in an arms race to seize your attention, and that race is tearing apart our shared social fabric. In this inaugural podcast from the Center for Humane Technology, hosts Tristan Harris and Aza Raskin will expose the hidden designs that have the power to hijack our attention, manipulate our choices and destabilize our real world communities. They’ll explore what it means to become sophisticated about human nature, by interviewing hypnotists, magicians, experts on the dynamics of cults and election hacking and the powers of persuasion. How can we escape this unrelenting race to the bottom of the brain stem? Start by subscribing to our new series, Your Undivided Attention.