“Even the Rich Suffer”: An Interview with Google’s Jolly Good Fellow Chade-Meng Tan
…l is eventually going to have more of it. If he can pass money on to his family, one family will become much richer than the other. This is the nature of capitalism, unfortunately. The mechanism on the other extreme is the propensity for people, when lacking incentive, to avoid doing anything at all. Incentivization is important. The extreme example is collectivization in communist countries. If you collectivize farms, everybody starves because no…
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