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>How much money Larry Page or Bill Gates has doesn't make your mother's life any better or worse. I dislike egalitarianism but this is fundamentally not true,
by moonchrome 11y ago
>How much money Larry Page or Bill Gates has doesn't make your mother's life any better or worse.
I dislike egalitarianism but this is fundamentally not true, the whole point of economy is resource allocation and the more money you have the bigger the role you have in allocation - so "big players" like Bill Gates and Larry Page have a considerable impact on prices/availability of things to everyone else (even when considering economy isn't a zero sum game and new value is created to get rich).
It's plausible that a more egalitarian society would make basic things like housing more affordable say at the expense of R&D like developing new tech and medicine.