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Without institutional innovation, the benefits of technological innovation are likely to remain hyperconcentrated at the top. It's a kind of trickle-down thinking to think that, by itself, technology equals prosperity.

Tech and institutions are complements. Just as the industrial revolution's steam engines and factories needed corporations and capital markets to get the most out of them, so the eudaimonic revolution's radical technologies will need equally radical new institutions to bring forth their maximum, most disruptive potential.
America's (Really) Big Ideas Deficit | Umair Haque. On Global Prosperity.
Reposted byRKwonkoMerari

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