2 ms·
"As it is, he's a market manipulator who tweaks price signals so people produce more of what they don't want. This is shameful." What, exactly, is he manipulat
by TheTarquin 19y ago
"As it is, he's a market manipulator who tweaks price signals so people produce more of what they don't want. This is shameful."
What, exactly, is he manipulating the price of? Poverty isn't an industry and philanthropy is not the subsidizing of flagging companies.
This man made a ton of wealth in his day. And now he's redistributing it. It's axiomatically accepted by most people on News.YC that wealth is not a zero-sum commodity so his giving it away isn't depriving anyone of wealth.
This is besides the fact that not everything is a market and treating poverty and philanthropy like they are puts me in mind of a certain saying about people whose toolbox only contains a hammer.