We as a society cannot truly be free if we cannot overcome hypocrisy. We cannot protect the truth if we maintain double standards. And if a society cannot protect the truth, we cannot be on the path towards freedom.

I want to begin this episode with 2 stories: an article from Business Insider Apr 6th 2021 writes that Amazon has an Unregretted Attrition Rate 6%. What this means is that they let go of 6% of people without regret every year. This number was based on analysing data and it creates a sweet spot for the company to lose the blubber and still grow. People’s reaction? Too high. Cut-throat. Pee in bottles.

The next story is from the NY Times, dated April 13th 2021. After vaccinating 7.4 million Americans, the J&J vaccine caused 7 women and 1 man to develop blood clots. The reaction? Slow it down.

In the heat of the moment, every fibre in our body would green-light all emotional statements. But when we lay the facts down, we can be hypocrites.

Would you pay more for the same product/service/experience? Under what circumstances should we pay more? Usually, the organisation responsible for your experience can be traced back to the founders, the entrepreneur. How would you define an entrepreneur? An entrepreneur is someone who sees someone else’s problem and takes personal responsibility for it. They solve problems at scale. That’s how companies stay in business.

To me, an entrepreneur is the most noble job title ever. You are a person of gratitude. And you repay your gratitude by being a producer and contributor to society. You create jobs. You help your people on payroll put food on their families’ table.

But the picture is never so rosy. For the benefit of those who haven’t listened to Episode 2, let’s talk about Business 1.0 VS Business 2.0.

Even though the world is slowly moving towards Business 2.0, there is still a way to impose a penalty on Business 1.0.

Should we tax the rich more? Cost-push inflation - Would you pay more for the same product/service/experience?

Maximum tax? Socialism? Communism?

[Crab story]

[Eye for an eye story]

Probably says why communism can’t make everyone equally rich, but it can make everyone equally poor - crab logic?

Why do we root for underdogs, but when they become the biggest kid on the block, we try to pull them down? Apple VS Epic Games

When industry turnover rate is 10-15%, why do we bawl at Amazon’s 6%?

When the odds of developing a blood clot are 1 in 1000, why do we want to slow down vaccination when the J&J vaccine caused 8 people in 7.4 million - effectively 1 in a million?

Let’s get our facts right. Let’s be in Business 2.0. Let’s uphold the truth and be more rational about our opinions because they ultimately lead to decisions which will shape our society.

If you have any questions or opinions, submit a voice recording to [email protected] and we will cover it in the next episode. If you’ve enjoyed this episode, be sure to share, download or follow this podcast on Spotify, iTunes, or wherever you get your podcasts from.