Reinvent Podcast

Future of Sharing: Optimizing Our WTF Economy for the Long-Term


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Tim O’Reilly, founder and CEO of O’Reilly Media, believes we should rethink the world using today’s technology. “Let’s stop optimizing for the short-term. Let’s start optimizing for the long-term, and think about how to make the society we want,” O’Reilly says. O’Reilly acknowledges that technology is destroying jobs today, but only because “we’ve built incentives into our economy to encourage those choices.” O’Reilly believes that an economy not optimized for the short-term would place much less importance on stock performance, and would pay workers more. He refers to the current economy as the WTF economy (also the name of his Medium publication) because he sees WTF as an expression of both wonder and dismay, and in today’s economy, O’Reilly says, we see both.
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