Hi friends!
With apologies, no post this week. Instead, below, I’m sharing an article (long) and a tweet thread (short), both super interesting.
Destabilized Saturday Edition will arrive at its usual time.
Talk soon,
Ethan
Compounding Crazy – Everything is moving so fast out there. What if it's just getting started?
…Humanity has spent its whole existence building things that become primitives for a future generation of builders. Every new invention is an output of centuries’ worth of innovations, and then voila, it becomes a simple, cleanly-packaged input for the next invention. Like a good API, each new invention abstracts away all of the complexity that went into its creation.
Let’s use tires, a relatively simple example. The wheel was invented in 4000 BC in Mesopotamia. Ancient South and Central Americans used rubber to make balls for games as far back as 1600 BC. In 1844, Charles Goodyear vulcanized rubber, in 1847 Robert W. Thompson patented the air-filled rubber tire, and in 1888, an Irishman named John Boyd Dunlop commercialized the first successful pneumatic tire. 120 years later, in 2008, the Tesla team used an evolved version of that tire as one of many, many inputs, each with its own long and winding evolution, into its first Roadster. The Tesla team didn’t need to reinvent the wheel.
This same compounding can be seen everywhere in the economy. Every invention is the latest in a chain of compounding innovations.
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This tweet thread came on the heels of the RNC stating officially that the January 6th insurrection was “legitimate political discourse.” I find it clarifying. You should click the above tweet and read the whole thing, but I’ve included a sampling of the rest of the thread to give you additional flavor.
Go read it.
Back on Saturday.