Episode 6
Commodities Legends and Market Builders

Mike Green on Market Deficiencies and Incentives for Not Fixing Them

Mike Green

Logica Funds’ Mike Green explains why he and most of the smartest people in finance are in the business of exploiting and profiting from deficiencies of current markets, rather than fixing them. Mike explains why incentives don’t favor fixing what’s broken, and what we need to do to change the system and enable migration to a new generation of SmarterMarkets™.

What to listen for:

— A smart contracts and ledger-based systems can improve transparency within the financial system, but the systems that are in place currently do not benefit from this transparency, creating a headwind for innovation in the technological infrastructure of financial markets.

— The lower cost of capital combined with a “social contract” or acceptance of risk taking is rewarded by the system and becomes the “bug” in adopting new technologies that keep market participants accountable.

— There is a cost associated with transparency, and until we accept this and are willing to pay for this collectively, we will find it difficult to build smarter financial markets to benefit society as a whole.

Hosted By

Erik Townsend

Sponsored by

Ranting on the inadequacies of our systems and riffing on ideas for how to solve them …

SmarterMarkets™ brings together the icons and entrepreneurs of technology, commodities and finance to examine how market systems can be redesigned and improved to address the most important challenges of our time.

Ranting on the inadequacies of our systems and riffing on ideas for how to solve them …

SmarterMarkets™ brings together the icons and entrepreneurs of technology, commodities and finance to examine how market systems can be redesigned and improved to address the most important challenges of our time.