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I don't precisely know where Elon lands in the Motte's situation evaluation of the Culture War at present, but I think I've got an example than can be used as a lense beyond The MuskATeer himself.
This is a very recent (x)weet from Elon. If you really, carefully parse it with your far less powerful brain (than Elon's, that is) you might be able to understand that - this is just basic macroeconomic understanding. Holy shit this is fucking Econ 101
But, as I've said before, Elon has adopted just enough PodCaster Bro aesthetics to know that slight rephrasings of 1+1=2 obvious insights, combined with "thoughtful" pauses and idiosyncratic speech patterns can make you look deep to the midwits. I am convinced this is also 90% of Sam Altman's playbook.
Business-eese and consulting speaking get a lot of flak for being made up pseudo-languages that exist to further unearned vibes of authority and experience on the part of the speaker. It's fun to point and laugh that it's all either nonsense or very obvious truths dressed up in jargon.
I think the cycle is repeating itself with many different sides of the AI wars. Connor Leahy is even more egregious than Musk, and also triples down by trying (and mostly failing) to pin people down with gotcha hypotheticals that are worded to sounded apocalyptic in their profundity.
I think a good heuristic for valid expertise in a subject is the degree to which it gets a little boring. Scott Alexander's posts often veer into "holy shit, get to the point, dude!" territory. Many posts related to SCOTUS here on The Motte (of which I am thankful for, please keep them going!) often get just a little tedious - not because of jargony pablum, but because the authors generally really know what they're talking about and go multiple layers deep in reference and citation.
I'm someone who's been in the Tech industry (or, maybe more accurately, technology focused parts of several industries) for my entire career. At least at the start, "tech" was looked at as a weird subculture - the bosses knew they needed it, but it wasn't the show. In the middle 2010s, that started to change as the FAANGs became the largest and richest companies on the planet. Now that we are at peak AI hullabaloo, not only do you see people with zero technical capability presenting themselves as experts, you have an entire aesthetic-cultural superstructure. I think Musk is not only part of it, but one of those who built it. Altman as well. If you peer into their backgrounds, their techincal bonafides are questionable at best. Musk seems like a hacker level dev who brute forced his way into PayPal (and was then brute forced out). His claims about being deeply involved in engineering to this day have to be impossible (SpaceX, Tesla, and Xwitter couldn't run if so much was contingent on him). It's more likely he injects himself into meetings and initiatives here and there and mostly serves as a slight derailing force to otherwise normal activities. Altman seems to have zero background and is perhaps the poster boy for weird SF striver life.
I seek the opinions of the Mottizen community.
Musk is pretty intelligent. I’m sure there are many people here who are higher IQ. Of course, that isn’t really the main ingredient for making huge amounts of money beyond a certain threshold. The average billionaire is probably 98th or 99th percentile, but their percentile intelligence certainly doesn’t equal their percentile wealth.
It's also just absolutely pathetic to go through life with such smug pride in talent level that hasn't actually been expressed with any particular accomplishments to be proud of. Gloating about having a higher IQ or more academic credentials than Musk is the equivalent of someone saying they have a higher VO2max than the Tour de France champion. OK, good for you when you look at the number on your phone, but Tadej Pogacar is a multimillionaire cycling champion with a beautiful girlfriend and you're proud that you can consume a lot of oxygen. I don't even like Musk, but he's obviously just done more than almost every single human being alive.
When you're used to discounting building companies because that requires investment of money and/or people being willing to follow you (as opposed to personal physical/mental labor), this is not obvious. The intuitive response to "look at how much Musk built" is "he didn't build all 'at".
How many of the projects he's working on would exist without him? Yeah, the natural resources and people would still exist and presumably be put towards some kind of productive goal but consider the positive and negative effects of his competitors on the world. On the one end, you have things that are objectively bad like gambling. I would say Elon's current projects are pretty close to the polar opposite; that is to say, objectively good. Curing paralysis, colonizing the solar system, the HUGE push towards making electric vehicles the norm and more recently, major advances in AI.
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And that’s just silly. Building companies are crazy hard. Which is why it is so well remunerated. Musk shows an almost unparalleled ability to build companies.
Ehhhhhh. Building companies is hard, and building companies is well remunerated, but being hard is not why building companies is well remunerated.
Building companies is well remunerated because capital enjoys systemic leverage over labour and is able to claim more of the rewards from their cooperation for itself. When capital and labour work together both parties are better off (otherwise they wouldn't do it), but capital gets more of the reward because unemployed capital is much less miserable than unemployed labour. So the worker is paid in wages, while the investor is paid in profits.
If building companies was easy, then there would be a lot more people doing it. If there were a lot more people doing it, then the labor they provide (ie in the form of equity) would be much smaller compared to the amount of equity that capital takes.
Market history suggests the dear thing isn’t capital but skill in building large scalable companies. Capital is common and cheap in comparison.
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