Masters of Scale

Joi Ito on the "dark period" of the Web

Illustration: Aïda Amer/Axios

Joi Ito, the director of MIT's media lab, is one of the world's most prominent experts on the internet. He is featured in today's Masters of Scale podcast and talked to Axios about the less-open, "dark period" of the internet that is unfolding around the world.

The big picture: Democratic and authoritarian nations, while their style and language differ, are both recoiling at hate groups, terrorists, pedophiles and others. Frightened by violence and political turmoil, they are creating "a balkanized and not-so-open internet everywhere."

Masters of Scale: Sallie Krawcheck on how the economy impacts employee diversity

Illustration of collection of plain paper clips, with only one red one in the group.
Illustration: Sarah Grillo/Axios

Sallie Krawcheck was one of the most senior women in the male-dominated world of Wall Street.

  • In today's Masters of Scale podcast Krawcheck, who now runs a digital investment platform for women called Ellevest, talks about how business embraces employee diversity in boom times and rejects it when things go south:
Did you know that for a long time after the financial crisis, diversity went backwards on Wall Street? And it's actually not unusual for industries that go through a period of crisis, where you circle the wagons. And what I saw was, “We'd love to promote this woman or this person of color, but we can't take the risk.” And so everybody reverts to their comfort, and uses that excuse, the fact that we're in the midst of this battle.

Why it matters: We're in the midst of a lengthy economic expansion, low unemployment and a record run for stocks. But there are plenty of economic storm clouds on the horizon and, if Krawcheck is correct, then Corporate America's push for greater employee diversity could already have peaked.

  • The same goes for Silicon Valley, where even the most socially-progressive companies are still overwhelmingly male and white.

Go deeper: Hear the episode.

Editor's note: Details of this podcast available exclusively to Axios readers first through a partnership with Masters of Scale.