New evidence strongly suggests that OceanGate’s submersible, which imploded and killed all passengers on its way to the Titanic wreck, was unfit for the journey. The CEO, Stockton Rush, bought discounted carbon fiber past its shelf life from Boeing, which experts say is a terrible choice for a deep-sea vessel. This likely played a role in the submersible’s tragic demise.
And that they convinced multiple billionaires, who are presumably educated enough to know better, to step aboard their blatantly-unseaworthy deathtrap.
This does a lot to dispel the notion that billionaires are smarter than everyone else.
Guess what, billionaires aren’t smarter than everyone else. Usually it’s just existing wealth, luck and a lack of morals that gets them there.
The system is rigged to make it much much easier to make money if you already have money.
There are a lot of different types of characteristics that get described as ‘smart.’ Risk aversion is often categorized as ‘smart,’ as in “I’m too smart to do something that risky,” but that is definitely not something billionaires are known for - you can’t get that much money without big risky bets paying off.
Rich people don’t really seem to be smart so much as they just have a sort of rat-like cunning that confers high performance at screwing people and stealing shit.
On the contrary, I’ve long been of the opinion that anyone can claim their slice of the American Dream, just as long as they aren’t too picky about who they carve it out of. There doesn’t even need to be risk, per se, just some ambition, enough intelligence to know the limits of you can get away with, and a complete lack of shame.
Lack of shame doesn’t do you any good financially if you aren’t using it to take social risks that people with shame wouldn’t