Several schools of economic thought claims "Money" also operates as a test for "value for society". It's also as porous as a colander.
> I suspect many people implicitly assume that doing working in a field with bad tests is the price of making lots of money.
> Now you can make lots of money by making cool things.
An analogous set of incentive structures, which compels people in elite universities to play the tests applies to intra & inter-company interactions as well: companies who play for the tests will enjoy structural advantages over companies which do not; and this lever allows winner-takes-most mechanisms via buyouts, consolidations, private equity.
While founders, individually, may make out of this wealthy, companies, and society as a whole suffers, and playing for the tests, as a behavior, saturates.
> I suspect many people implicitly assume that doing working in a field with bad tests is the price of making lots of money.
> Now you can make lots of money by making cool things.
An analogous set of incentive structures, which compels people in elite universities to play the tests applies to intra & inter-company interactions as well: companies who play for the tests will enjoy structural advantages over companies which do not; and this lever allows winner-takes-most mechanisms via buyouts, consolidations, private equity.
While founders, individually, may make out of this wealthy, companies, and society as a whole suffers, and playing for the tests, as a behavior, saturates.