SCANLON: you can find a handful of things which are going on. individuals aren’t on there as much. I feel Instagram Reels has surpassed it in level of popularity.
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still democratic incentives from the process. I feel people Feel in generational terms, possibly a lot more than is warranted by the data. I’ve experienced this dialogue with Peter Thiel.
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COWEN: I do think There are 2 points at work. 1 is we’ve actually experienced many terrible gatherings. money disaster and pandemics and 9/11 could be three major, obvious kinds. Arguably, there are more, but those three right There exists a large amount. That sets off a damaging temper.
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the highest ten % — all their prosperity is in equity ownership and businesses. There’s the example proper there — the top ten % personal stocks. I feel the more that we could inspire people today to obtain some
COWEN: is a hoopla cycle, or could it be the truth that AI will displace plenty of standard economic action and newer firms will achieve a lot more?
COWEN: No, I believe the functions have absent a nasty way, and that makes people far more unfavorable in methods that aren't handy.
SCANLON: the expense of that has long gone down greatly. Battery electrical power — the expense of that's down a great deal. photo voltaic has long gone down quite a bit.
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