David Sacks

In addition to that, I think we have a bunch of heuristic biases in favor of the Doomer narrative.

In addition to that, I think we have a bunch of heuristic biases in favor of the Doomer narrative.

So one of them is the seen versus the unseen.

So one of them is the seen versus the unseen.

It's a lot easier to see the jobs that already exist that could be obsoleted than it is to imagine the new jobs and the new business models that haven't been created yet.

It's a lot easier to see the jobs that already exist that could be obsoleted than it is to imagine the new jobs and the new business models that haven't been created yet.

And that will likely take some great innovator or a genius to think of in order to create.

And that will likely take some great innovator or a genius to think of in order to create.

So we have that huge heuristic bias of not being able to see the creation that's coming.

So we have that huge heuristic bias of not being able to see the creation that's coming.

It takes way less creativity to think about the potential destruction.

It takes way less creativity to think about the potential destruction.

And then finally, I think the other heuristic is just the whole fixed pie fallacy.

And then finally, I think the other heuristic is just the whole fixed pie fallacy.

Most people do tend to think of the economy

Most people do tend to think of the economy

as a fixed pie, this is why you see so much anger against millionaires and billionaires, is because of this idea that if someone's getting rich, it must be at the expense of someone else.

as a fixed pie, this is why you see so much anger against millionaires and billionaires, is because of this idea that if someone's getting rich, it must be at the expense of someone else.

That's not actually the case.

That's not actually the case.