It turns out it is possible to compete by playing a different game than the incumbents, but you need to have a huge amount of capital and tolerate the risk of losing all of it. If you read the early history of SpaceX, they came within a hair's width of bankruptcy.
This seems to be a general feature of startup founder stories. Founding a startup has been so romanticized that some people would still try even if there's only a 1% chance of success. So even though it requires individuals to go against the energy-gradient, we nevert... (read more)
I'd argue the complexity of information gathering and crappy UI of voter punishment or reward are more relevant to politics. A good model of where to start might be an efficient market of many educated actors being able to fix the political power of polticians the same way current markets fix the price of stocks today. There's already a relatively open field for actors willing to become journalists or podcasters so the media moving piece in the current system is less systematically broken. It's also a component in sufficient other systems that are less broken than politics that we should expect it possible to keep the current media and still have better efficiency that today be attaignable.
Not sure how to implement the specifics, however...
Re: Rocket Companies
It turns out it is possible to compete by playing a different game than the incumbents, but you need to have a huge amount of capital and tolerate the risk of losing all of it. If you read the early history of SpaceX, they came within a hair's width of bankruptcy.
This seems to be a general feature of startup founder stories. Founding a startup has been so romanticized that some people would still try even if there's only a 1% chance of success. So even though it requires individuals to go against the energy-gradient, we nevert... (read more)