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There is also the problem, that "hacking" the system is rewarded higher then adding to the system. If you get a job at wallstreet, gambling the system, you wil
by PicassoCTs 5y ago
There is also the problem, that "hacking" the system is rewarded higher then adding to the system.
If you get a job at wallstreet, gambling the system, you will be higher rewarded in money and status, then if you joined a lab that researched fusion or asteroid mining.
Worser still, society will communicate to you, that you are a "sucker" for working so hard for so little.
- nightski 5y agoThis has nothing to do with "hacking" the system and wall street is not gambling the system - they provide value otherwise they would not exist. I think it's more about utility. While the value of fusion research or asteroid mining is potentially very high, there is a large probability of failure. The risk adjusted return is actually quite low. Providing liquidity and services to markets has a higher risk adjusted return because it affects people now and with high probability.
- chii 5y ago> value of fusion research or asteroid mining is potentially very high, there is a large probability of failure it's not that the probability of failure is high - more that the value creation is not capture-able by private interests. Fusion research, or anything that is fundamental research leading to new tech, will unlikely to bring private wealth to those who fund it. Applied research, on the other hand, would. So you do see well paid researchers in fields, such as pharmaceuticals. Wall-street investment bankers get paid a lot because all of the value that is created there get captured - very little of it flows out into society.