Capitalism Needs Empathy
Play • 47 min

Nick Molnar, the co-founder and CEO of Afterpay, joins Scott to discuss the company’s ‘buy now, take now, pay later’ business model, how millennials' spending habits are changing, and Nick’s experience as an entrepreneur. Nick also compares and contrasts running a startup in San Francisco vs. Sydney. (7:48)

Scott opens with his thoughts on the acceleration of e-commerce. 

This week’s Office Hours: Airbnb and tax regulations, deciding whether to get an M.B.A, and why experiential retail can’t save every retailer. (30:54)

Algebra of Happiness: the vulnerability of capitalism. (41:24)

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Conversations with Tyler
Conversations with Tyler
Mercatus Center at George Mason University
Noubar Afeyan on the Permission to Leap
“The world of innovation is very much one of toggling between survival and then thriving,” says Noubar Afeyan. Co-founder of Moderna and CEO of Flagship Pioneering, the biomedical innovator, philanthropist, and entrepreneur credits his successes to his “paranoid optimism” shaped by his experiences as an Armenian-American. Exceptional achievements like the rapid development of the COVID-19 vaccine, he believes, aren’t usually unpredictable but rather the result of systematic processes that include embracing unreasonable propositions and even unreasonable people. He joined Tyler to discuss which aspect of entrepreneurship is hardest to teach, his predictions on the future of gene editing and CRISPR technology, why the pharmaceutical field can’t be winner takes all, why “basic research” is a poor term, the secret to Boston’s culture of innovation, the potential of plant biotech, why Montreal is (still) a special place to him, how his classical pianist mother influenced his musical tastes, his discussion-based approach to ethical dilemmas, how thinking future-backward shapes his approach to business and philanthropy, the blessing and curse of Lebanese optimism, the importance of creating a culture where people can say things that are wrong, what we can all learn by being an American by choice, and more. Follow us on Twitter and IG: @cowenconvos Email: cowenconvos@mercatus.gmu.edu Follow Noubar on Twitter Follow Tyler on Twitter Facebook Newsletter
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