5 ms·
Yes, the market is very well known to price in future breakthroughs or externalities. Especially when it comes to something like fundamental hard science and m
by krastanov 2y ago
Yes, the market is very well known to price in future breakthroughs or externalities.
Especially when it comes to something like fundamental hard science and math that underpins most of our technological progress over the last few centuries.
- palmfacehn 2y agoAgreed. This is the basis of private research and development.
- frotaur 2y agoYou may have missed the sarcasm
- boesboes 2y agoYeah, I also really like how that market put Humans on the moon & enabled the yeeeears of mDNA research that enabled covid to be tackled. Is capitalism a cult?
- ANewFormation 2y agoYour example of men on the Moon is precisely what drives people to support more privately driven progress. Because that was an amazing achievement orchestrated almost entirely by government, but then once the geopolitical factors motivating government to support it faded, the entire human space program was defacto cancelled. Over the next 50 years progress in human space sharply regressed and, if not for Elon and SpaceX, we would very likely still be on that trajectory. Governments can be whimsically unpredictable in a way far beyond how companies can normally behave. In fact this is exactly what this topic is about!
- n4r9 2y agoMusk can fund good engineering. I doubt he'll ever fund breakthrough advances in theoretical science.