More long term greed… Tim O’Reilly’s recipe for a successful 2018 | TechCrunch 

But Silicon Valley’s problem, O’Reilly says, is actually a structural problem with our entire economy. What’s gone wrong, O’Reilly argues, is that what he calls “short-term greed” has replaced the traditional “long-term greed” of the market. This is not only infecting Wall Street behemoths like Goldman Sachs, he says, but also the strategy behind many of today’s tech start-ups with their exclusive focus on a short-term financial bonanza for investors. And so rather than building value producing ecosystems, both Wall Street and Silicon Valley are producing a casino like economy controlled by what O’Reilly calls “financial instruments” focused on short-term financial profit.

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