Published Jul 2, 2020

Getting Unstuck

Scott Galloway and Adam Alter unravel the strategic foresight behind Lululemon's purchase of Mirror, emphasizing adaptability in business and life, while also addressing the psychological grip of screen addiction and the courage needed to break free and embrace new experiences.
Episode Highlights
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Episode Highlights

  • Screen Addiction

    Screen addiction is a growing concern, with devices like phones and tablets being particularly addictive due to their content. explains that these devices are designed with features like intermittent rewards, making them hard to resist 1. This addictive nature is evident in children, as Alter shares personal experiences of his own child's screen dependency, highlighting the universal struggle parents face 2.

    The biggest one, I think, is intermittent rewards or feedback that is positive but that's unpredictable.

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    He notes that the average American adult spends four to five hours daily on their phone, equating to 15 to 20 years over a lifetime 1.

       

    Attention Economy

    The attention economy exploits users by turning platforms into addictive experiences akin to slot machines. describes how companies like Robinhood use sophisticated design to capture user attention, creating a zero-sum game where time is the finite resource 3. This exploitation raises questions about accountability, as platforms hold significant power over users who may not fully understand the risks 4.

    Whoever can design the best, most catchy platform, who can turn their platform more effectively into a slot machine, in effect, and Robin Hood's done that, I think, very, very successfully.

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    Alter argues that responsibility should lie with platform developers, suggesting that legislation and education are crucial to addressing these issues 4.

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