Hereditary musings

Query: why are the skills required to de-risk technology implementations that drive processitivity/productivity gains (mostly) not hereditary?

My guess is that the skills required are:

1. Access to capital which can be hereditary

2. Intelligence which is sometimes hereditary

3. Education which also has an hereditary link through wealth

4. Risk taking – which is not linked to hereditary factors for some reasons

5. Successful risk management  – which is also not linked to hereditary factors it seems

6. Motivation – which might be counter-correlated to wealth inheritance

Points 4 and 5 are so important that they sometimes outweigh 1-3.

This then suggests that our education system in no way teaches risk taking or successful risk management. Because if it was, the hereditary link to wealth creation would be much stronger.

This proffers an opportunity to re-engineer our education system to focus on risk-taking and risk-management. But this would be counter-productive to society as a whole, in the context of driving consumption, because it would act to further concentrate wealth and hence reduce overall consumption.

Maybe this is what is happening at a high level since wealth disparities do seem to be stretching.