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by wpietri
2729 days ago
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For each thing, there's a big question whether he's really trying to fix it or is just showboating. The useless submarine for the Thai cave rescue is a pretty clear example of the latter. SpaceX seems to be doing well, but Tesla's still an open question; they've had big production problems, they've lost execs left and right, they've had just one profitable quarter, and their cars get decidedly mixed reviews. [1] Also, I think Musk's extensive self-promotion means that public criticism is entirely within bounds. Especially given Musk's dedication to criticizing his critics, like the Thai cave diver he called a pedophile. Or his obsession with people shorting Telsa. [1] E.g., https://www.caranddriver.com/reviews/2018-tesla-model-3-test... |
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Im really not a Musk fanboy and I really don’t want to come across as anti-market as I recognize the market’s incredible ability to drive some innovation, but I’d like to point out how markets which are intrinsically linked to quarterly growth can often lead to a race to the bottom and can often lead to a serious reluctance to pursue big experiments—the kind of experiments which can take humanity to the next level.
I certainly don’t know the answer but we need a way to incentivize large risks which, when successful, have a high likelihood to reward humanity.
As the above post illustrates, a system which measures success as quarterly growth is disincentivising big projects and may be making us risk averse on big research, the kind of research and risks we very badly need right now.