Part 10/14:
Now, with technological advances reducing transaction costs, the optimal firm size shrinks, enabling individuals to freelance, collaborate remotely, and build personal brands.
He foresees a decline of central organizations like traditional media, with decentralized platforms rising, where everyone can broadcast and form communities aligned with their interests.
The Impact of Algorithms, Social Media, and Censorship
Naval warns that the real power lies with those controlling algorithms, as they shape culture and influence behavior subtly yet significantly. He criticizes the loss of objectivity in media, the rise of tribal signaling, and the dangers of social media addiction—comparing it to "weaponized sugar" and "dopamine triggers."