Elon Musk became a trillionaire by setting out to solve the world's problems.
A major thing you can do to improve the lives of people in the developing world is to give people access to the internet.
But that has always been logistically challenging, because many parts of the world don't have functioning governments that are interested in or capable of acting in the best interests of the people with any kind of efficiency.
A lot of progressives seem to believe that the way a billionaire can give internet access to poor people in developing countries is to walk up to a guy sitting on a throne of human skulls, stroking a solid gold Kalashnikov, hand him a big sack of money, and say: "One internet, please. For the people."
The truth is, if you want to lay cable or put up cell towers in these parts of the world, a huge percentage of your budget will go to bribes, regulatory waste and other transaction costs. You've got to pay an outlandish fee for a fake regulatory review from the corrupt national government, give jobs to the extended family of the provincial governor, and pay off the local warlord so he won't tear down your towers for scrap or murder your workers. And then the maintenance of your infrastructure in these places will be incredibly costly because there is no local capacity, and any time you want to do anything, all these rent-seekers are going to want to wet their beaks.
Elon Musk looked at this problem and said: "What if instead of doing all that, we put all the infrastructure in space, and beamed the internet to the people without engaging with the corrupt governments of failed states?"
And, of course, there were many reasons not to do that, most of them involving various immutable laws of physics. But Musk bet billions of dollars that the technical and financial problems of putting the infrastructure for global internet access in space would be easier to solve than the human problems associated with building infrastructure on the ground.
Because SpaceX exists, people can access the internet in places where local capacity to build and support infrastructure does not exist. People can access the internet in places where repressive governments try to deny people internet access. And people paying a high cost for the luxury of having internet access on their private jets and yachts are subsidizing the cost of poor people in the developing world having internet access.
By building this infrastructure, Musk has both created a huge amount of value that has enriched him tremendously and materially improved the lives of millions of poor people. This is how you make the world a better place.
I really don’t understand true greed. If I was worth $1 trillion, you’d have to physically stop me from solving as many of the world’s problems as possible.
Everyone would have a home, food on the table, proper healthcare, happiness.
I just don’t get it.