Jo Ann Barefoot’s episode introduction excerpt:

“Maybe best of all, Doug shares his insights on China. He describes the Chinese government’s formula for launching experimentation, in which they watch digitized activities evolve in an unregulated environment, and then step in to regulate based on what emerges. He shares insights on when this experimentation has worked, and when it has failed, citing both P2P lending and the growth of the enormous Chinese payments platforms as examples. On the payment platforms, he cites particular success in lending to small enterprises, which as he says, is a grand challenge for every country. At the same time, he talks about the platforms raising huge risks of market concentration. He talks about emerging thinking that perhaps data should be treated as a public good.”