Reid Hoffman: prediction

Transcript context

…Do you think of the LinkedIn page itself as strictly functional, or is there an aesthetic principle behind it that comes, actually, from philosophy or the arts in some manner? Well, one of the things that I am still working towards with LinkedIn is the hope of what is the transformation of society that I would love to see LinkedIn become. For example, most people who encounter LinkedIn say it’s your public professional identity, and it’s a nice way of finding new business transactions, which might be a new job, might be starting a business, might be a business consulting opportunity, all of which is true. But what I’m actually hoping to do is have all of the business world move in the number of single-transaction games to thinking about their entire business life and relationship and work as multi-transaction games. Can we actually move within the game theoretic framework to saying, “Now my incentive is to always act, when I’m transacting or I’m doing business with other people, to think about it as a multi-transaction basis. ” Because not only will I think that evolves a lot of productivity, but I think that will also evolve the society and morality in the right way because we should prefer non–zero-sum games. The labor market recovery from the financial crisis seems to have been especially slow. We had a president, President Obama, whom you think highly of. We have all these social media, including LinkedIn, that ought to bring people together with the right jobs more quickly. And yet the labor market recovery has been so slow. Why is this?…

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