The Dark Side of Moneyball (with Derek Thompson)

Derek Thompson, Staff Writer at The Atlantic, discusses how the U.S. can rally around the idea of collective progress and an agenda of economic abundance. Thompson unpacks why a decline of people’s trust in institutions spanning across media and government could be sparking widespread gloom and causing a disconnect from reality and data.
We also chat about what Thompson calls the dark side of moneyball, which raises the question of whether reliance on algorithms is creating a ‘hyper-loop of familiarity’ that is draining creativity and removing the incentive for innovation.
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[@KylaScanlon]

thanks for watching everyone!

[@marwanshamsia4193]

Mega respect to how consistent you have been these videos the last couple of years Kyla

[@KylaScanlon]

thanks :)

[@guitar2935]

I love how the Derek incorporated The Darkside of Moneyball into this talk. By attempting to use stats and algorithms predict everything, our industries, artists, and culture feel like they are lacking novel innovation. I suspect this is part of the recent why younger generations are so nihilistic and ironic. So much of what we're presented are nearly carbon copy rehashes of the past and there's nothing new to add to it. The process of minimaxing everything is a race to the bottom where risks are diminished and mediocrity is rewarded.

[@stadiojunkie]

Just discovered you on Barron’s. I’m in. Great work!

[@rashaanlightpool3009]

Thank you for this valuable conversation

[@scantron637]

Good job as a host here!

[@user-bu5hm3ox8l]

Proud of you!

[@xvx4848]

It's funny to me that how capitalism is supposed to work is we have a lack of something, the price goes up because there's huge demand, this pushes companies to produce more of said thing to maximize profits, and then when we meet our needs we slow down again. But what's funny is that this isn't how the system is working: take housing for example, we have a severe lack of supply, yes we're ramping up production but not to the level we need because the corporations are intentionally trying to keep supply low so they can maximize profits per home. Hence we're in this housing hell where prices will keep going up and up and up until they're no longer sustainable (some would argue we're already there) and things will crash until the billionaires swoop in as usual and buy up everything on the cheap. The system just isn't working for normal ordinary people and most are too ignorant to realize idolizing a billionaire is folly, the chances you'll ever become one is next to zero.

[@ypey1]

It is not companies trying to keep supply low, there is no market monopoly in building industry or in land ownership, those are some of the most decentralized markets out there! If anything it is governments keeping zoning regulation tight. Your comment reads like a conspiracy theory, i call bs.

[@jaredk7041]

1st is the united states economic system isn't capitalism its socialism for corporations. second its not the corporations now feeding the housing undersupply. In 2008 we procured too many risky loans on homes and it blew up the economy (but not the corporate banks that caused it - they were bailed out), we've been on a net shortage of housing development since after a massive chunk of the builder and material space went belly up, along with overtly tight local zoning requirements and lack of permitting housing. Our current housing crisis is a result of corporate bailots aka socialism for corporations. We are not a capitalist country anymore we print away crisis and life becomes massively expensive for the ordinary because of it

[@chrisgreen9937]

Good luck with the new podcast

[@WilliamFoxdev]

The venus project was trying to model a society around an abundance mindset and it was fascinating when I first saw it, but the world we live in has too many stakeholders in the scarcity mindset with a lot of power for use to move to something else. Maybe I am just a pessimistic these days, but I don't see anything feasible until we have free utilities and legislation that guarantees a free home. I don't see either of those happening in the US at least.

[@JeffMinerAdvertising]

Smart people talking about smart things. 👏🙏

[@bennyadrianmartinez]

❤❤❤❤❤

[@mchu7371]

I used to ask you, is their intent out of malevolence or ignorance?

[@joeymachado3122]

commenting my prediction before watching the video: yea probably

[@YanivMeoded]

Sorry, but I prefer to hear YOU, Kyla. You're orders of magnitude more intelligent than most "writers", especially those who ironically talk about thinking.
p.s. I'm willing to compromise on interviews with arrogant economists or central bankers, to expose their corruption/stupidity and the inner workings of their neglected (negligence, legally) systems.