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He argues quite convincingly that one of the types of systems that regulate business, System 3, or "what to do here-and-now" is running amok with little input from System 4, "what to do in the future," which is pretty hard to argue with. The current financial system, shaped by private equity and leveraged buyouts, forces most companies to behave as if they must make a huge debt payment this month or else face extinction. Which matches exactly what we see: Google devouring search for AI, etc.