9 ms·
Technology inventors/project leaders can turn into the majority owners of capital. We already see the shift: 5 of the 10 richest people in the world built their
by nopinsight 9y ago
Technology inventors/project leaders can turn into the majority owners of capital. We already see the shift: 5 of the 10 richest people in the world built their wealth from tech, 7 of the 10 largest public companies in the world by market capitalization are tech companies.
https://en.wikipedia.org/wiki/List_of_public_corporations_by_market_capitalization https://en.wikipedia.org/wiki/List_of_public_corporations_by...
The shift is still ongoing. Old(er) capital still have much control of the world's economy, but as technological development accelerates and becomes more valuable, the balance could tilt more towards these tech-based capital.
I am not saying they are saints but at least many of these self-made tech billionaires pledged to give much of their wealth away for philantrophy instead of leaving it to their heirs.