The point is that the rewards are clear and enormous, but the actual responsibility is way more diffuse. There will be plenty of people working at Nvidia who were less competent and less hard working than the person doing an almost identical job at ARM or AMD or Intel. But their reward will likely be 2-10x what those other people get.
The aggregate system seems to be efficient - capitalism has done a fairly good job at creating a successful innovative business environment, but the way it does that is just wild rewards predominantly for people who were in the right place at the right time.
There are people who are at Nvidia who are genuinely responsible for the great stuff that Nvidia has done in the last few years. But they're going to be a minority of the people who get rewarded.
The aggregate system seems to be efficient - capitalism has done a fairly good job at creating a successful innovative business environment, but the way it does that is just wild rewards predominantly for people who were in the right place at the right time.
There are people who are at Nvidia who are genuinely responsible for the great stuff that Nvidia has done in the last few years. But they're going to be a minority of the people who get rewarded.