Earlier quoted context omitted.
Be careful what you wish for: Many of those highly talented individuals will likely end up channeling their skills into areas that one could view as equally negative societally, such as hedge funds or defense contracting (like Palantir). This isn't to justify the current state of advertising, but rather to express skepticism that dismantling an industry will lead talented individuals to willingly accept a significant…
Many of those highly talented individuals will likely end up channeling their skills into areas that one could view as equally negative societally Or they could go the other way. Just like after previous bubbles. When the real estate bubble burst and took a good chunk of the financial industry with it, plenty of people went into healthcare, or the arts, or started their own small businesses without the goal of taking…
Didn’t a large amount of those finance people just end up at big tech or in crypto? Plenty of news to be found suggesting as such (that people who previously would’ve gone into finance are going into big tech or crypto instead).
Which, if true, sort of just proves my original point.
Further the list of successful startups from that era aren’t exactly a list of things that people universally consider good for society (lots of gig economy startups, for example).