We are living in a new Gilded Age-and, like then, the backlash is building
Self-reinforcing collective beliefs drive market behavior, can cause overshoots, and shift power dynamics between dominant firms and ecosystem-based competitors.
How does 'common knowledge' shape our individual lives and our societies? Steven Pinker has some ideas
Common knowledge—when everyone knows that everyone knows—shapes rituals, enforced silences, and social harmony, and making it explicit can disrupt social order.