In episode 5 of The Crossroads Podcast, I discuss the concept of Skin in the Game as a way of understanding the ways in which the world has changed in the modern era of globalization. I argue that a lack of skin in the game when it comes to powerful actors in society (politicians, bankers, corporate heads, policymakers etc) is perhaps the core reason why we find ourselves in this troublesome state of affairs, and that the solution ultimately lies in more decentralized system and more accountability for the people who make high-impact decisions.
