But at what point does marginal private incentive stop helping innovation and start damaging democracy? For sure risk-taking deserves reward but the size of the reward matters
But at what point does marginal private incentive stop helping innovation and start damaging democracy? For sure risk-taking deserves reward but the size of the reward matters
For example, they take risks by using chemicals (that they know) can kill people, by the time people get cancer they are retired, there are no claw-backs.
More recently you commit actual fraud, get convicted but then get a pardon and somehow end up with money again running the next "scam".
These people never take real risks.
DOGE resulted in the death of over 100k people [1] and will result in many people dying of Ebola. It was a huge failure yet the "risk" Elon took is not his.
[1] https://healthpolicy-watch.news/the-human-cost-one-year-afte...
https://www.nytimes.com/interactive/2026/06/02/technology/el...
At the best, it’d be a stretch to claim that USAID was the sole or primary thing that kept people alive or disease free.
Money matters, especially early, but after some extreme level it is hard to believe that the next $50B - just to say a number - is what causes the useful work to happen.