In a capitalist system, when old companies fail, they are replaced by newer and better ones. This is a sign of a healthy market economy.
Unlike other industries, it is illegal for companies to conspire together in the business world. In contrast, in academia, universities can work with accreditation bureaus to control competition.
Creative destruction is necessary for progress in business, but many people outside of this world are resistant to change.
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Marc and Andrew Huberman talk about the double-edged sword of risk-taking, the capacity to navigate uncertainty, public trust, universities, politics and the regulation of AI.
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