andiamo

Fascinating - I just listened to Rufus Fears' lecture on Bonhoeffer's Letters and Papers from Prison before opening HN.

Personally, I find Bonhoeffer's premises are easily accepted - 1) stupidity is not an intellectual defect and 2) stupidity as a more dangerous adversary than malice. It follows that liberation, not instruction, is necessary to overcome stupidity. "The word of the Bible that the fear of God is the beginning of wisdom declares that the internal liberation of human beings to live the responsible life before God is the only genuine way to overcome stupidity."

What I don't align with is the consequence that "stupidity surpasses malice in its danger." Malice, and only intentional malice, is the evil that was present in his day and remains so. I think there's an inherent snobbishness of modern philosophy readers who have a surface relation to this axiom, thinking that it means that, "oh, everyone is just stupid and unmotivated towards learning, and that's why I'm better than them."

Flipping burgers and scrubbing toilets can be done by literally anyone. On the other hand, the demand for people who can code like you remains high.

This is the reason why investment bankers make bank. Granted, many of the "signals" are dubious, but the people who can _actually_ do the work of a MD are extremely low.

Took a quick look at the case. I'm guessing some corp lawyer, maybe even general counsel, didn't have enough "real work" to do and needed to make a name for himself. Then it became a giant d* measuring contest.

Source: Went to law school. Never practiced though.

I have a different take on this: corporate research labs died because we aggressively clamped down on monopolies.

When you don't have a monopoly, the investor mindset is that the company should be laser-focused on "core competencies" (buzzword, but important) and return excess capital to shareholders - who then provide it to other companies that will innovate in the field. Keep in mind, the universe of alternative investments go beyond the stock market/PE/VC.

Capital is tied to shareholder value. When you can't point to something creating value, there isn't a reason for capital to stay. For a company to maintain a research lab, it needs to be perceived as something other than a cost center. In contrast, Bell was able to entertain its own full-fledged R&D labs because shareholders expected them to create new avenues of profit themselves because they were the monopoly.