A widespread excuse for avoiding rationality is the widespread belief that it is “rational” to believe life is meaningless, and thus suffer existential angst. This is one of the secondary reasons why it is worth discussing the nature of morality. But it’s also worth attacking existential angst directly. I suspect that most existential angst is not really existential. I think that most of what is labeled “existential angst” comes from trying to solve the wrong problem.
Read the article: Existential Angst Factory – Less Wrong
While the practice of poaching engineering talent slowed after the economy tanked in 2008, Wadhwa is dismayed to report that thanks to hundred-billion-dollar taxpayer bailouts, investment banks have recovered and gone back to their old, greedy ways, snagging engineering grads who might otherwise solve the world’s problems, making them financial offers they can’t refuse, and morphing them into quants, investment bankers and management consultants. ‘Not only are the investment banks siphoning off hundreds of billions of dollars from our economy with financial gimmicks like CDOs,’ writes Wadhwa, ‘they are using our best engineering graduates [25% of MIT grads in ’06] to help them do it. This is the talent that our country has invested so much resource in producing.’ He concludes: ‘Let’s save the world by keeping our engineers out of finance. We need them to, instead, develop new types of medical devices, renewable energy sources, and ways for sustaining the environment and purifying water, and to start companies that help America keep its innovative edge.’
Read the article: Friends Don’t Let Friends Get Into Finance