Max’s point can be generalized to mean that the “talent” vs. “funding” constraint framing misses the real bottleneck, which is institutions that can effectively put more money and talent to work. We of course need good people to run those institutions, but if you gave me a room full of good people, I couldn’t just put them to work.
Max’s point can be generalized to mean that the “talent” vs. “funding” constraint framing misses the real bottleneck, which is institutions that can effectively put more money and talent to work. We of course need good people to run those institutions, but if you gave me a room full of good people, I couldn’t just put them to work.