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by kushalc 4989 days ago
Thanks for the great critique, geuis.

I'm absolutely in agreement with you about unpredictable markets, the massive power of market forces to effect change and that no one entity has (or should have) control over those forces. No one -- certainly not me -- is advocating any form of socialism and central control over economic resources.

What I'd argue instead, however, is organizations (companies, NGOs, whatever) that create meaningful value for humanity actually create MORE value for themselves. It's really, really hard to foresee what is meaningful value. Facebook was similar to MySpace, but (at least for me) creates infinitely more value. Microsoft was born because IBM miscalculated the value of DOS. The list goes back decades and centuries.

However, I'd wager that today we have more clones than original work. Now, maybe bit.ly 4.0 will be what Facebook was to MySpace, but my guess would be no. Instead, if an entrepreneur chose to work on, say, cheap rockets for space -- something original, regardless of immediate perceived value -- I'd wager that'd create far greater value, probably both for themselves and humanity.

My goal was to less tell an entrepreneur to do something more socially correct -- I'm an entrepreneur myself and I probably wouldn't listen to anyone _telling_ me to do anything -- but rather to try building riskier, original stuff.