Clearer Thinking with Spencer Greenberg Crumbling institutions, culture wars, and the dismissal economy (with Ashley Hodgson)
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Jul 12, 2023 
Ashley Hodgson, an Associate Professor of Economics and insightful YouTuber, dives deep into the crumbling trust in modern institutions. She discusses the 'dismissal economy' and how misinformation skews public perception. Hodgson advocates for a shift from 'one dollar, one vote' to 'one person, one vote,' emphasizing empathy and dialogue to reduce societal contempt. She explores innovative business models that enrich communities while addressing biases and the challenges of information overload, ultimately calling for a new enlightenment in governance.
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Metrics Depreciation
- Metrics within systems, like college admissions criteria, can depreciate over time.
- People game these metrics, reducing their effectiveness and leading to systemic issues.
Gaming College Admissions
- Extracurricular activities for college applications were initially a good metric but became less meaningful.
- Wealthy individuals could create artificial entrepreneurial situations for their children, gaming the system.
Shifting Economic Power
- Economic power dynamics are shifting from "one person, one vote" toward "one dollar, one vote."
- Rising inequality exacerbates this issue, making collective action crucial for change.