Good post, but I wish he had delved more into how modern institutions could be revamped to allow for slow, long term thinking.

I think there is an assumption that institutions inherently are short term optimized, but I don’t know if that’s actually true, or merely a more recent phenomenon.

My guess is that you’d need to deliberately be “less than hyper rational” when doling out funding, because otherwise you end up following the metrics mentioned in the post. In other words, you might need to give out income randomly to everyone that meets certain criteria, rather than optimizing for the absolute best choice. The nature of inflation and increasing costs of living also becomes a problem, as whatever mechanism you’re using to fund “long term” work needs to be increasing every year.