[ExI] A Nobel laureate and climate change

[BillK]

2011/9/17 Dennis May wrote:
<snip>
> Those wanting to see amazing advances for the future need to stop vilifying
> the rich.  Innovators who get to keep their money to expand their ability to
> innovate represent the kind of positive feedback required for the critical
> mass to innovate a technological culture.  Redistribution is the wet blanket
> thrown on the fire of innovation.
>
> $50 million will let you build a small plant - it will not leave you money
> to operate.  If you want real innovation you need to leave the rich alone so
> that individual innovators can collect capital in the hundreds of millions and
> many billions of dollars so their visions can grow before they are smothered.
>
> You want AI - leave innovators alone to gather the sums required to get it
> going.  The examples of redistribution stifling innovation are countless and
> sickening.  Government picking winners and losers is redistribution -
> killing more and more innovation the more it is tried.
>

You live in a mythical world.  If a US billionaire wanted to produce a
new product his first thought would be to get quotes from Chinese
factories.

That's why the US people are facing poverty and living off food stamps.

The rich are China's friends.

BillK