What China has done in industry after industry is to flatten the supply curve by subsidizing hordes of producers. This spurs innovation, increases output and crushes margins. Value is not being destroyed; it’s accruing to consumers as lower prices, higher quality and/or more innovative products and services.

Nicolas from All About Berlin has done so much to make living in this administrative nightmare bearable for people. It’s a very clear example of what kind of 10-100x improvements are there to be had.

I can’t believe I have to say this, but let’s do it anyway: Going to Mars is—just like the hyperloop—a distraction from the actual problems and solutions in front of us.