We have to carefully select the yardstick by which progress and success are measured. If we don't, we inevitably drift towards meaningless, short-term, and ulti

We have to carefully select the yardstick by which progress and success are measured. If we don't, we inevitably drift towards meaningless, short-term, and ultimately destructive forms of growth instead of progress. Incentive failures are more nuanced than “Friedman = root of all evil.” Venture capital structure, indexing, and monetary policy also drive the short termism. It's part of why I'm skeptical the next wave of amazing technology companies will come out of America.