Maybe the failure mode isn't the PhD itself, but environments where publishing becomes the objective rather than a byproduct of getting unusually good at understanding and building things

> (...) a byproduct of getting unusually good at understanding and building things

A PhD is not about getting good at understanding something, let alone "unusually good". It's about being able to explore an uncharted area with little to no help, and write down your learnings so that those that come after you can build upon your work.

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