Will Elon Musk Eliminate Global Poverty?

muskElon Musk aims high with the companies he founds. He intends to combat global warming through electrification of society (Tesla, Solar City), reinvent transportation through use of tunnels (The Boring Company, Hyperloop), save society from abuses of Artificial Intelligence (OpenAI), recast how humans communicate with computers (Neuralink), and safeguard humanity’s future through colonization of Mars (SpaceX).

His greatest legacy, however, may be none of these. His greatest legacy may be the elimination of global poverty. He himself probably doesn’t even know this is a possible outcome of his efforts.

Bear with me here.

The planet has made great progress in the reduction of global poverty. Since 2000, the percentage of people living under $1.25 per day (the World Bank’s current definition of “extreme poverty”) has dropped from 35% to less than half that today (thanks mostly to great progress in India, and especially China). The UN has established as one of its “Sustainable Development Goals” the elimination of extreme poverty by 2030.

The challenge is that the remaining populations living in extreme poverty are the hardest to reach and assist. They are almost all rural (or remote), most in Africa, and most with little connection to government or international programs of assistance. Most have no electricity and no internet connection.

Which is where Elon Musk comes in.

With respect to electricity, poorest communities have given up on trying to link to a national electric grid (which is much too expensive) and are jumping straight to household “microgrids”. For example, India has launched a program to give by the end of 2018 all households with no electricity a microgrid comprising a solar panel, battery, five lights, fan, and cell charger. Microgrids have gotten much cheaper and better, in great part thanks to improvements in battery technology. Battery technology is being driven mostly by the popularity of electric vehicles. Electric vehicles are becoming more popular due in great part to Tesla and Elon Musk.

And with respect to internet connections, Elon Musk’s role is even more direct. SpaceX has an ambitious, relatively secretive effort to launch nearly 12,000 satellites into low earth orbit to bathe the planet in broadband. The system will be initially operational in 2020 and fully operational by 2025. This means that those places that are too difficult or expensive to reach with traditional internet connections will suddenly be online. Since less than half the planet currently has usable, affordable access to the internet, this is a really big deal.

If a household has electricity and it has internet, it can link to information services, education resources, health guidance, government programs and other services. It may be simplistic to say that extreme poverty is incompatible with extreme poverty — but for many reasons that is probably true.

So Elon — please keep at the global warming / transport / safe computing / saving humanity tasks — we appreciate it. And while you’re at it, you may also eliminate global poverty. Thank you in advance!

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