Benedict Evans: “If the narrow definition of ‘metaverse’ is that VR and AR will be the next smartphone, the broad definition is that there’s going to be a whole new internet. Our experience will be 3D, but much of that will be layered onto the real world as we see it through glasses. Games will become a much larger part of daily life – instead of the current split between a few hundred people playing deep and rich AAA PC and console games and several billion playing much lighter-weight smartphone games, Roblox and Fortnite point to a growing middle ground of persistent, open, accessible and expressive environments that are much more about social and identity than games per se, and that can become platforms and ecosystems for developers. Many of these experiences will blur into each other, and digital goods (skins, avatars and other models of self-expression in digital form) will be portable and interchangeable between these worlds, rather like the characters in Wreck-it Raph could pass between games.”
Ezra Klein talk to Pippa Norris: “Over the course of 2022, Italy elected a far-right prime minister from a party with Fascist roots, a party founded by neo-Nazis and skinheads won the second-highest number of seats in Sweden’s Parliament, Viktor Orban’s Fidesz party in Hungary won its fourth consecutive election by a landslide, Marine Le Pen won 41 percent of the vote in the final round of France’s presidential elections and — just this past weekend — Jair Bolsonaro came dangerously close to winning re-election in Brazil. Why are these populist uprisings happening simultaneously, in countries with such diverse cultures, economies and political systems?”
Martin Wolf: “Deglobalisation is most unlikely to be the outcome of carefully calibrated and intelligent decoupling. This is not how we humans work. People might pretend deglobalisation has something to do with reducing inequality. That is nonsense, too: the more open economies are frequently relatively equal. It is conflicts over power that most threaten globalisation. By seeking to enhance their security, great powers make their rivals more insecure, creating a vicious downward spiral of distrust. We are already a long way down this spiral. That reality will shape the fate of the world economy. We are not headed towards a benign localism, but towards negative-sum rivalry. Our world may not survive a virulent bout of that disease.”
WSJ talks to Jony Ive on life after Apple: ““Success is the enemy of curiosity,” he says. And for Ive, curiosity has taken on an almost moral or religious quality. “I am terrified and disgusted when people are absolutely without curiosity,” he says. “It’s at the root of so much social dysfunction and conflict…. Part of why I get so furious when people dismiss creativity is that [when] it’s an activity practiced in its most noble and collaborative form, it means a bunch of people who come together in an empathic and selfless way. What I have come to realize is that the process of creating with large groups of people is really hard and is also unbelievably powerful.”
Richard Rumelt: “Strategy is problem-solving. It is how you overcome the obstacles that stand between where you are and what you want to achieve. There are, of course, companies and individuals with brilliant insights into what’s happening in the world and how to adapt to or take advantage of it, but I am often asked to participate in strategy sessions, and a lot of them are awfully banal. In a typical session, the CEO will announce certain performance goals: “We want to grow this fast, and we want to have this rate of profitability.” Maybe they will throw out some things about safety and the environment, and that’s their strategy. But that’s not a strategy—that’s a set of ambitions…The beginning of strategy is, which of these ambitions can we make progress on today or in the near future? Then you formulate an action plan. This gap between action and ambition is where most bad strategies come from. Bad strategy is almost a literary form that uses PowerPoint slides to say, “Here is how we will look as a company in a year or in three years.” That’s interesting, but it’s not a strategy.”
