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Sometimes I think about this. Things humans need: food, shelter, healthcare, energy, water. Working in one of these industries or improving access/efficiency of
by yellow_lead 3y ago
Sometimes I think about this. Things humans need: food, shelter, healthcare, energy, water. Working in one of these industries or improving access/efficiency of these things could be useful. But there are a lot of tech startups, i.e vertical farming that end up wasting capital because the economics don't make sense.
- badpun 3y agoIndividually, most startups fail, so most of them are "wasting capital". As wtih any experimentation, they only make sense in the aggregate, where the total value for society delivered by successful experiments makes up for the cost of the failed ones.
- meiraleal 3y ago> where the total value for society delivered by successful experiments makes up for the cost of the failed ones. I disagree. The successful experiments are negative to society just a few years after some startup wins in a niche. The world would be better off without Google, Facebook, Airbnb or Uber now that they already "changed" the market. Every tech dominance becomes society-negative over time.