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Elon Musk on How to Build the Future

(www.ycombinator.com)
1106 points sama | 1 comments | 15 Sep 16 18:05 UTC | HN request time: 0s | source
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misterbishop ◴[15 Sep 16 19:31 UTC] No.12509090[source]▶
How to build the future: Take $5B in public subsidy for boondoggle technologies, and then tell everyone you're fiscally conservative.

http://www.latimes.com/business/la-fi-hy-musk-subsidies-2015...

replies(1): >>12509319 #
Applejinx ◴[15 Sep 16 19:57 UTC] No.12509319[source]▶
You see, you've already lost me because nearly everything worthwhile has been funded by public sector money, notably space and the Internet. To my mind, claiming to be 'fiscally conservative' may be a good tactical claim as a CEO of rapidly expanding publically held companies, but in practical terms it's a terrible idea. If Elon is turning public money into technology, I'm enthusiastic about that. I'm sure there are ways to nationalize his industry if it proves necessary.

Better that, than privatizing things: that's a recipe for bad answers and a untimely demise due to market forces. Maybe I don't want AI, electric cars, and space travel to die because some hedge fund needed immediate profits the very next quarter.

replies(1): >>12509679 #
misterbishop ◴[15 Sep 16 20:45 UTC] No.12509679[source]▶
Two points for your consideration:

#1: We clearly have the resources to publicly invest in innovative technologies like electric cars, AI and space travel. So why must these investments go directly into the hands of a few individuals to make all the final decisions (and who have bad habits of not paying their workers btw)? Why can't we make these investments through democratically accountable teams, perhaps via some academic mechanism?

#2: When you make a risky investment as an individual in a startup, you expect to get a commensurate return on that investment if the startup becomes successful in the marketplace. Why don't the collective investments of the public in Musk's ventures come back to citizens in a kind of public dividend?

replies(2): >>12509984 #>>12510723 #
1. Applejinx ◴[15 Sep 16 21:32 UTC] No.12509984[source]▶
#1: It's seed money with which Elon is raising mind-boggling amounts of investor money, using his celebrity as a lever. I consider it a hack, but it's an effective one. Also, being the public face of a decision isn't the same thing as making the decision. So far, I like the results being produced.

#2: Got me there with colonizing Mars: that will be rich-only. However, proliferation of electric cars combined with breakthroughs in energy storage combined with local solar power can end up as a VERY big public dividend: effectively, it becomes possible to invest in technology that drastically reduces the self-sustaining costs and carbon footprint of the individual. Combine that with growing your own food and you're your own little generation ship: it's a drastic change from traditional labor/capital society, because you can set up your little 'life capsule' and then spend your days doing whatever, perhaps working on OpenAI :)

And if it's good enough for Elon it's good enough for everybody else: imagine if not just megacorporations but ordinary citizens were subsidized to convert to this battery-pack-based, solar-powered energy consumption model. We could use plain human self-interest to drive widespread adoption of tech that would reduce the catastrophic swerve into a far more chaotic and destructive global climate.

I'd call that a public dividend, worldwide.