How inequitable business models like those in the gig economy can lead to a financial crisis, more regulation, and doubts about the viability of the free-market system. Topics covered in this episode include: What is the expanded role of corporations according to leading chief executive officers.What is the gig economy.Takeaways from David’s recent experience delivering restaurant meals for Doordash including the huge liability many independent delivery drivers are unaware of.Who covers the shortfall when the cost of operating a business is less than what consumers are willing to pay for the goods and services the businesses offer.How more regulation results from businesses unfairly passing on costs to others.How income inequality and debt can lead to a financial crisis. Thanks to Policygenius and Sleep Number for sponsoring the episode. For show notes and more information on this episode click here. [0:18] Is Capitalism still working for everyone?[2:12] David’s disappointing gig economy experience.[6:53] The hidden cost of insurance in gig jobs.[9:04] Who pays to close the financial gap created by gigs?[14:27] The pitfalls of the gig economy.[16:17] What makes capitalism work?[19:29] Income inequality is a drag on the economy.[23:09] The importance of calculating the entire cost.[25:36] How your decisions can impact the health of the capitalist economy.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

How the composition of Tesla's autopilot software gives clues to how we should invest, recognizing there are no perfect algorithms for driving or investing. In this episode you will learn: Why Americans are afraid of self-driving cars.How autonomous automobile software works.Why people reject even the best possible algorithms.What are examples of safety features and rules of thumb we should build into our investing process.Why does everyone think a recession is coming soon even though there is little evidence currently. Thanks to WIX and Dashlane for sponsoring the episode. For show notes and more information on this episode click here. [0:17] The pervading fear of self-driving cars, despite their safety features.[3:33] Why do people fear algorithms and prefer human decision-making?[7:45] Algorithmic decision-making has proven to be most accurate.[10:10] Automating your investing is like choosing an automated vehicle.[12:06] Keeping within the guardrails of investing strategy.[15:44] How to diversify your portfolio as an additional guardrail.[17:31] Is a recession really looming on the horizon?[20:16] Don’t maximize for perfect answers.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.