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Talent is everywhere, opportunity is not

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Re: Talent is everywhere, opportunity is not

#71
post #28

Earlier quoted context omitted.

There’s way more people complaining about expensive or poor education around the world than lack of growth capital for their far fetched science research / companies So I would deem it to be under appreciated by the general public

Wouldn't that follow from the fact that there are way more people concerned with the state of education (because everyone must be educated) than there are people who have ideas for far fetched science research and companies? Education is viewed (rightly in my opinion) as an intrinsic good. Somebody's far fetched idea for a company isn't.

A handful of far-fetched ideas have added more economic value to the world than every diploma combined. I’m not sure we could even assign a dollar value to crazy ideas like satellites or the internet because the positive externalities they’ve created are so far-reaching.

Crazy ideas a lot harder to evaluate, and a lot riskier, but they’re definitely not less valuable.

Re: Talent is everywhere, opportunity is not

#72
post #70
post #9

Imo Education is overvalued, Capital is under appreciated, And, Because Capital is trapped into networks, that Capital is squandered among an infinite array of companies employing the talent and producing products that don’t make you, or the planet, better, healthier, smarter or happier. (Apple’s SJ era, Google until 2014~ and Tesla fit the useful smarter happier paradigma, and not many other) My solution is: take a…

Often, getting a prototype is the costly part. I do like your idea. And I'm not some starry eyed millennial or whatever. I'm a crusty gen-Xer who has seen what our parents and peers have wrought and can't help but think we need to do something drastically different.

I also like the idea of free money from government. There seems to be a lot of like minded people who like free money, maybe we should develop a political party around that?

Re: Talent is everywhere, opportunity is not

#73
post #54

Invention is overvalued as well as the idea of "creativity." The biggest proof is the current China-USA standoff. USA is on the paper the biggest nation on earth by manufacturing output, but what was the last time you saw made in USA household goods in supermarket without having to specifically look for them? Why China has industrial base and USA doesn't? Wages difference? No, not by a chance. In some places in China…

Even if wages are comparable, are other costs of employment, such as unemployment insurance, healthcare, pay roll tax comparable? And even if they are comparable now, its true that it no longer matters. The work moved to China because of low wages, and its going to stay there now because all of the labor force and supply chain infrastructure are much better developed. You are quite right those things no longer exist…

> Even if wages are comparable, are other costs of employment, such as unemployment insurance, healthcare, pay roll tax comparable?

At ~23.5% Chinese social insurance (medical, trauma and serious illness, pension, housing fund, maternity, unemployment) costs more to employer than in US, at least in Guangdong province.

This is why I was saying that guessing purely on numbers, lower cost of capital, external risks, taxes, social payments, and somewhat lower wages, USA should be a better place for manufacturing than China

Re: Talent is everywhere, opportunity is not

#74
Once again, an article related to utilitarian altruism that doesn't seem to draw a defensible conclusion from the arguments given. This particular type of article, and the works of the effective altruism movement more broadly, always creep up to the edge of demanding meaningful change but, in their conclusions, shrink away from it.

They make the case that the world has a lot of issues, that a lot of people have bad lives and that those people should have better lives, and that "we need to do what is possible to allow everyone to live a life free of poverty, free of hunger, and free of premature death".

But from there, the path they lay out, and advocate for, is one of continued oligarchy. After saying that we need to eliminate poverty, hunger, and premature death, they advocate for "[continuing] the positive developments of the last decades with more children surviving, more children growing up free of the worst poverty, and more children being better educated than ever before. If I am optimistic about the future of the world and progress against the world’s problems it is because of this."

But what if you don't agree? And how could you? While some thing seem to be getting better (by some indicators only) global inequality continues to increase, and the inequality in developed economies is obscene. The climate and environment are destroyed more rapidly than ever in a continual quest for infinite growth. The solution proposed to the horrors of our present world, of improvement by creating more capitalism, is absurd. Capitalism is functioning as it must. It's not capitalism's fault as an ideology - it was designed to be this way.

The world being advocated by these altruistic technocrats is no better than our own: if we lived in their utopia, we'd be at the mercy of our 'betters' who would still form a separate class above the rest of society. The suggestions for how to give back are also laughable. Donating your time or money individually while doing nothing to challenge the system won't change anything. It is through radical societal change, radical democracy, that a new and better world can be achieved.

Neoliberals like this often feel the need to impress upon everyone that at least the floor is being raised - the amount of people in extreme poverty has gone down (by some metric) or the amount of people dying of disease has been reduced. But the real path to liberation isn't the gradual improvement of the bottom while the top gets fatter and richer and more powerful. The real solution is revolution. Take the table, take the world, break free from this failed system.

What can you do, then, if you're not going to nobly work at a hedge-fund and selflessly donate some of your salary to cure malaria? Advocate for the real change you want to see in the world. If you want to end climate change, start going to the climate strikes. If you want a better life you workers at low incomes, show them solidarity when they strike. If your boss uses your open source library for an ICE contract, delete the code. When the world begins to shift, and everyone looks around and wonders why everything is so wrong, don't use data to insist that everything is good, actually. Embrace the knowledge that something is wrong! Something is wrong! And the world is fucked if it doesn't change. Don't let incrementalists like Max fool you into thinking otherwise.

Re: Talent is everywhere, opportunity is not

#76
post #17

Opportunity is often missed because it looks like work.

The availability of opportunity itself has diminished. Fewer and fewer opportunities are made available by those who hold the keys to the gates. Often, when one of the now fewer gates to opportunity open, much less is offered inside than was historically there and the risks to benefits to open those doors is increasing across the board. I'd say it's too simplistic to imply people don't seek opportunity because it req…

Fewer and fewer opportunities are made available by those who hold the keys to the gates.

Measured how?

Re: Talent is everywhere, opportunity is not

#77

Opportunity is often missed because it looks like work.

> Opportunity is often missed because it looks like work. Man that is 180 degrees from my perception. Opportunity is often declined because a failed inventor (and most inventors fail) looks like someone who got nothing done. It looks like non-work. Upper-middle class westerners can get away with this, because they've got enough capital to weather the period of speculative effort, and when it fails, they've got enough…

Not everyone can afford to be seen failing.

Perhaps. There are also a lot of people who think they cannot be seen failing and very well could.

Re: Talent is everywhere, opportunity is not

#78
post #9

Imo Education is overvalued, Capital is under appreciated, And, Because Capital is trapped into networks, that Capital is squandered among an infinite array of companies employing the talent and producing products that don’t make you, or the planet, better, healthier, smarter or happier. (Apple’s SJ era, Google until 2014~ and Tesla fit the useful smarter happier paradigma, and not many other) My solution is: take a…

Isn't Peter Thiel doing that with the Thiel Grants? Pretty successful so far (projects Ethereum, Aragorn... founded by grantees).

Re: Talent is everywhere, opportunity is not

#79

Earlier quoted context omitted.

It's a slippery slope as to whom you disenfranchised to redistributed that cash: but it will inevitably be a large group of people in the middle, not the minority elite you sold the policy on. If some people can't accumulate something they can't do bigger things as creators or create bigger markets as consumers.

You won't disenfranchise anyone, because the investment will more than pay for itself. That's the point. It's just another form of seed funding for ambitious start-ups. And $30bn/yr is absolutely trivial compared to the opportunity costs of an economy geared more to financialisation and regressive wealth extraction than to productive engineering and invention.

Is great that a random made up number justifies your argument.

Re: Talent is everywhere, opportunity is not

#80
post #2

How many talented people , in advanced economies, with good technical degrees , do take part in inventing important stuff ? Very few. Educating more kids and having more "ideas" won't change that. We're not lacking ideas. We're lacking the right incentives to make ideas happen.

It depends on social pressure. For places like Silicon valley, the ultimate status symbol is being a founder, which inherently involves inventing (what a founder would call) important stuff. It's similar in Israel. Heck, there, startups are struggling to scale becuase everyone wants to be a founder.

I don't agree that founders are unique in inventing "important stuff".

In reality, most important inventions, are efforts of large groups of people(that may be distributed across organizations), and most of it is work - not coming up with a "great" "vision".

// Everyone wants to be a founder

Well, you know the song "asiti":

https://m.youtube.com/watch?v=x6ezbFpkGlw

It's on Hebrew, but it basically talks about the Israeli tendency to always say "I did this, I did that"

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