Indeed, our societies and firms do not currently select our leaders to be the top individuals in intellectual capacity. The evidence is very limited that “natural talent for leadership” (to the extent it exists) is as measurable and transferable as talent for chess, math, or athletics.
It is over longer timescales, and is harder to give uniform starting conditions, so of course it’s harder to measure.
This leads to the inadequate equilibrium. But lying your backside off to voters and shareholders is also an intellectual skill of sorts. It’s a mistake to see that Elon Musk doesn’t know that much engineering, and conclude intelligence isn’t important in business. Riding memes, building hype and getting away with financial misconduct are activities that take place in the brain.
It is over longer timescales, and is harder to give uniform starting conditions, so of course it’s harder to measure.
This leads to the inadequate equilibrium. But lying your backside off to voters and shareholders is also an intellectual skill of sorts. It’s a mistake to see that Elon Musk doesn’t know that much engineering, and conclude intelligence isn’t important in business. Riding memes, building hype and getting away with financial misconduct are activities that take place in the brain.