Smart People Should Build Things

Even more relevant for Africa than anywhere else. An excerpt from Andrew Yang's Smart People Should Build Things:

If year after year we send our top people to financial services, management consulting, and law schools, we’ll wind up with the pattern we’re already seeing: layers of highly paid professionals working astride faltering companies and industries. But if we send them to startups, we’ll get something else. Early-stage companies in energy, retail, biotech, consumer products, health care, transportation, software, media, education, and other industries would have a better chance of innovating and creating value. Even allowing for a certain amount of failure, we’d create hundreds of new companies and tens of thousands of new jobs over time. Our economy and our country would be better off. Our communities’ tax bases would go up, shoring up our ability to pay for schools and long-term development. We’d restore our culture of achievement to include value creation, risk and reward, and the common good. By solving this one problem, we solve many other problems at the same time.

More here
via the FT