calcinations (calcinations) wrote,
calcinations
calcinations

How much difference would it make...

Hammerbacher looked around Silicon Valley at companies like his own, Google (GOOG), and Twitter, and saw his peers wasting their talents. "The best minds of my generation are thinking about how to make people click ads," he says. "That sucks."

http://www.businessweek.com/magazine/content/11_17/b4225060960537.htm#p1

It reminds me of the issue with the London financial industry, they lure many intelligent numerate science graduates away with massive salaries, then use their undoubted talents and intelligence to shave an extra 0.1% off some large sum of money. It sure makes them and their customers money, but in no way increases the wellbeing of the world at large.
Now obviously there have always been things like this happening, but then I have the impression that it wasn't so bad before, that industry did used to directly employ the brightest minds of their generation in order to interesting things with good long term positive benefits. And how many of the people in Bell labs would be there today?
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