Create value for others and don’t worry about the returns
101–110 of 496 posts
Re: Create value for others and don’t worry about the returns
#102It's easy to create value for others and not worry about returns when you have enough money to not worry. Unfortunately for most people, there's plenty of companies willing to take the returns and leave you paycheck to paycheck. That's literally what they are optimized to do. I don't even disagree with the ideal, but I think a prerequisite step to this philosophy is UBI.
https://geohot.github.io/blog/jekyll/update/2026/02/27/the-i... from the same author
Re: Create value for others and don’t worry about the returns
#103Earlier quoted context omitted.
https://geohot.github.io/blog/jekyll/update/2026/02/27/the-i... from the same author
Which of course ignores the obvious point that UBI is all about taking existing resource redistribution and making it less costly and more efficient. Practically all Western countries redistribute income on a massive scale (compared to the default outcomes of a completely free market capitalism) in order to ensure everyone can provide for their basic needs, and that could all be gradually replaced by UBI. This is bro…
Re: Create value for others and don’t worry about the returns
#104[dead]
>Take Elon Musk — tremendous positive-sum deals with people everywhere, and all together, that's what got him to the top. Ah yes, "tremendous" positive-sum deals like: >Musk admitted to his biographer Ashlee Vance that Hyperloop was all about trying to get legislators to cancel plans for high-speed rail in California—even though he had no plans to build it. https://time.com/6203815/elon-musk-flaws-billionaire-visions…
Sorry, I don't know the full story behind Hyperloop. But I really doubt he is trying to play a zero-sum or negative-sum game as the article hinted.
Setting aside all the disputes — the deals he made with people are positive-sum. Nobody is forced to buy a Tesla, or invest in, or work for SpaceX.
And in my personal view, all the article brings is deconstructive criticism — which does not fit my tastes. Maybe because I believe the world doesn't owe anyone anything. In fact, to make money, most of the time you have to play a positive-sum game and bring value to others. There is no shame in seeking profit — there is glory in it, if it comes through a positive-sum game.
Those who complain — they can always reject the deal and choose something else. And even better, go offer or support better products in the market and help the best one win.
Re: Create value for others and don’t worry about the returns
#105Earlier quoted context omitted.
Which of course ignores the obvious point that UBI is all about taking existing resource redistribution and making it less costly and more efficient. Practically all Western countries redistribute income on a massive scale (compared to the default outcomes of a completely free market capitalism) in order to ensure everyone can provide for their basic needs, and that could all be gradually replaced by UBI. This is bro…
The inefficiency of the bureaucracy of limiting welfare (or charity) to the poor and needy. I don't know, though, maybe giving everybody's money to everybody cancels itself out.
Re: Create value for others and don’t worry about the returns
#106[dead]
And I would argue Elon (himself) stopped creating surplus value quite some time ago; some of his companies still do (Neuralink, SpaceX) but companies like Tesla and Boring are explicitly rent-seeking at this point. Tesla disrupts traditional, rent-seeking dealership models, but it simultaneously utilizes lobbying to secure favorable policies and economic advantages, with the goal being to block out other upstarts and competitors from competing.
And no, I do not count either the non-working Optimus or robotaxi as 'surplus value.'
Re: Create value for others and don’t worry about the returns
#107Earlier quoted context omitted.
>Take Elon Musk — tremendous positive-sum deals with people everywhere, and all together, that's what got him to the top. Ah yes, "tremendous" positive-sum deals like: >Musk admitted to his biographer Ashlee Vance that Hyperloop was all about trying to get legislators to cancel plans for high-speed rail in California—even though he had no plans to build it. https://time.com/6203815/elon-musk-flaws-billionaire-visions…
> Hyperloop was all about trying to get legislators to cancel plans Sorry, I don't know the full story behind Hyperloop. But I really doubt he is trying to play a zero-sum or negative-sum game as the article hinted. Setting aside all the disputes — the deals he made with people are positive-sum. Nobody is forced to buy a Tesla, or invest in, or work for SpaceX. And in my personal view, all the article brings is decon…
That is simply untrue; the opposite is the literal definition of rent-seeking behavior, which produces gobs of money, but provides no (or very little, at best) new value to others.
Re: Create value for others and don’t worry about the returns
#108Earlier quoted context omitted.
> You have a right to perform your prescribed duty, but you are not entitled to the fruits of action. Never consider yourself the cause of the results of your activities, and never be attached to not doing your duty. I have a hard time interpreting that as what geohotz is saying. If anything it seems to promote rent seekers by telling you - stick to your lane and don't complain. I.e. the caste system
> You have a right to perform your prescribed duty, but you are not entitled to the fruits of action. > stick to your lane and don't complain. I.e. the caste system That verse is quite famous and the general interpretation as I understand is this. You have control on your actions but not on its results. The results depend not only on your actions but on many other factors outside of your control. Now, one can interpr…
Re: Create value for others and don’t worry about the returns
#109Re: Create value for others and don’t worry about the returns
#110Earlier quoted context omitted.
> You have a right to perform your prescribed duty, but you are not entitled to the fruits of action. > stick to your lane and don't complain. I.e. the caste system That verse is quite famous and the general interpretation as I understand is this. You have control on your actions but not on its results. The results depend not only on your actions but on many other factors outside of your control. Now, one can interpr…
you realize that the caste system that currently exists is completely different from what it was conceptualized as right? you most certainly want to read the conversation between yudhistra and nahusha that talks about caste https://vedabase.io/en/library/mbk/1/30/