Discussion about this post

User's avatar
Marginal Gains's avatar

I wrote the comment below using my old Substack user ID when Eric’s article came out about two years back. Even though I am not able to find my comment anymore for some reason, I can find a copy of it:

I agree that one-on-one education was probably one of the crucial reasons for many inventions in the 18th, 19th, and early part of the 20th centuries.

The invention has become more complicated as most low-hanging fruits have already been picked. Future inventions require collaboration from multiple fields and a very high level of specialization, even in a particular subfield. As you can see, people are becoming highly specialized in each subfield as it is becoming harder to get a job by only having a very high knowledge of a field or subfield, as you get during your bachelor’s degree.

I also believe that two world wars, from 1915 to 1945 and another 15-20 years later, led to inventions in certain areas mostly related to war and space technology. However, basic research suffered due to people fighting wars and many folks having to interrupt their education and jobs to fight wars, millions of them dying in their peak years. Another factor was that Europe took a long time to recover from these wars.

However, I think another factor has played a role, especially in the last 30-40 years.

Here are a few excerpts from Utopia for Realists by Rutger Bregman:

“In the 1950s, only 12% of young adults agreed with the statement “I’m a very special person.” Today, 80% do, when the fact is, we’re all becoming more and more alike. Is it any wonder that the cultural archetype of my generation is the Nerd, whose apps and gadgets symbolize the hope of economic growth? “The best minds of my generation are thinking about how to make people click ads,” a former math whiz at Facebook recently lamented.

A Harvard study found that Reagan-era tax cuts sparked a mass career switch among the country’s brightest minds, from teachers and engineers to bankers and accountants. In 1970, twice as many male Harvard grads were still opting for a life devoted to research over banking, but 20 years later, the balance had flipped, with one and a half times as many alumni employed in finance.

In 1970, American stocks were held for an average of five years; 40 years later, it’s a mere five days. If we imposed a transactions tax – where you would have to pay a fee each time you buy or sell a stock – those high-frequency traders who contribute almost nothing of social value would no longer profit from split-second buying and selling financial assets. We would save on frivolous expenditures that aid and abet the financial sector. Take the fiber optic cable laid to speed transmissions between London and New York financial markets in 2012. Price tag: $300 million. Time gain: a whole 5.2 milliseconds.

More to the point, though, these taxes would make all of us more prosperous. They would give everyone a more equal share of the pie, and the whole pie would be more significant. Then the whiz kids who pack off to Wall Street could return to becoming teachers, inventors, and engineers.”

Something will suffer when our best and brightest apply their knowledge in zero-sum games like Wall Street or try to become rich by keeping people longer on a website or making them click on a page. I think that is another factor playing a significant role.

I also know several of my friend's children went to an Ivy League/MIT, etc., school, and most of their classmates went to either Wall Street, consulting, or a tech company like the one mentioned above because of the much higher pay. The incentive to go through the pain of inventing, which takes decades, and the chance that you may be a complete failure, is also there when you can take a shortcut and be a multimillionaire in 10 years or less.

So, to summarize, I think the priorities have changed. We still produce several geniuses, but they are very specialized and are focused on industries that do not use their skills effectively. However, one-on-one education is still probably the best way to produce many more geniuses than the current education system, and people who can afford it are still doing it.

I would add a few more points to it since my thinking has evolved in the last 2 years:

1. The sheer volume of people and ideas in today’s interconnected world makes standing out as a genius much harder. For instance, while Shakespeare operated in a relatively small intellectual ecosystem, modern writers compete with thousands of others globally. Similarly, the proliferation of knowledge means that even groundbreaking ideas often get lost in the noise, as the attention of both experts and the public is spread thin.

2. Modern educational systems often prioritize standardized testing and conformity over fostering creativity and independent thought. This may suppress the emergence of geniuses who think differently. Furthermore, the rising cost of education and student debt may push talented individuals toward safer, high-paying careers rather than risky, innovative fields like research or entrepreneurship.

3. Globalization has expanded the talent pool, with countries like China, India, and other non-western countries producing thousands of highly educated individuals yearly. While this increases the likelihood of innovative breakthroughs, it also means that geniuses may emerge outside the traditional Western lens, making them less visible to those accustomed to evaluating genius through a Eurocentric or American-centric perspective.

Expand full comment
Roeland's avatar

Today's genius music composers are employed by Hollywood. The music by John Williams is perhaps as widely known as the music by Beethoven.

Expand full comment
96 more comments...

No posts