Space launch was a clear case where there was a large difference in efficiency between what was possible and what was done in practice before SpaceX. A large part of that was due to everything being locked in to what (just barely) already worked, with huge risk aversion. WIth national prestige or a half billion dollar geosync satellite on the line, speculative engineering ideas that might result in a public debacle were not welcome.
When failure is not an option, success can stay very expensive. You need to experiment to improve, and that fundamentally means being comfortable with failure. If you know it is going to work, it isn’t an experiment.
I have long believed that nuclear power today is in precisely the same state as space launch two decades ago, but the even more pressing question now is if semiconductor fabrication might also be.
On the one hand, Moore’s Law has been a sequence of heroic miracles of technology at the wafer fabrication level, grinding out hundreds of compounding small improvements.
On the other hand, fabs are “too big to fail”, and there are elements of extreme conservatism at play. Intel’s “Copy exactly!” fab development exemplifies that mindset – instead of every new building being an opportunity to explore and optimize processes, it was deemed more valuable to just replicate.
While each individual machine may be straining against physical limits of technology, it is possible that the systems orchestrating them all together could be far from optimal.
The explore / exploit axis is fundamental to all decision making, but human risk avoidance probably biases away from optimal exploration.
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