In this episode of Exploring Prosperity, I sit down with Evan Ratner, the brilliant mind behind "Rat Links" on Substack, to explore his counterintuitive thesis on "Failure Inc." We unpack how spectacular failure has evolved from a stepping stone to success into its own lucrative business model - where Nick Leeson emerges from prison with book deals, MoviePass's mathematically impossible model briefly drives stocks up 1400%, and LinkedIn posts about getting fired generate 327% more engagement than promotion announcements.

Beyond failure economics, Evan shares practical insights on entrepreneurship in the AI age, explaining how just thirty minutes daily can transform side projects into viable businesses. We also dive into current market volatility, exploring how zero-day options and tariff uncertainties are reshaping the investment landscape. Whether you're an entrepreneur, investor, or simply fascinated by economic paradoxes, this conversation offers a fresh perspective on success, failure, and the bizarre economic incentives that connect them.

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Timestamps:

00:00 The Economics of Failure: A New Business Model

02:09 Transforming Failure into Success

04:53 The Value of Spectacular Failures

09:01 Learning from Corporate Failures

11:57 The Attention Economy and Failure

14:53 The Impact of Social Media on Perceptions of Failure

22:28 The Impact of Fraud on Artistry

23:05 AI: The New Frontier for Entrepreneurs

26:21 The Evolution of Human Planning and Productivity

28:19 Turning Hobbies into Profitable Ventures

30:47 The Importance of Iteration and Acceptance of Failure

33:09 Building a Library of Content for Future Success

35:24 Monetizing Failures and Market Opportunities

37:12 Navigating the Current Market Landscape for Investors

43:25 Uncertainty in the Market and Global Economic Shifts

49:32 AI's Role in Job Displacement and New Opportunities

This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit robertdewey3.substack.com/subscribe