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Total oversimplification. Yes, population is an important variable but so is education and employment. It does not matter if you have 1400 potential geniuses most of then are not being educated. It does not matter if you have 1400 potential geniuses if there are only a dozen positions in the economy relevant to their work. And more importantly, it really doesn't matter if you have geniuses at all, because genius intellect is not how things get done.
In liberalspeak: you have to utilize your human capital to its full extent!
Our best and brightest go on to promising careers as labor parasites in the stock market
Yes, educate everyone and have 1 billion experts solving 1 billion problems. An Einstein is eventually among them
Besides, the focus on single genius individuals is liberal/patriarchal brainworms. It's far better to have a team of well educated, smart, happy and collaborative people than to have lone savants working independently to feed their own inflated egos.