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He didn't say people can create value by themselves. I recommend you read the article more closely and truly understand what he's saying. I would argue his arg
by CryptoPunk 9y ago
He didn't say people can create value by themselves. I recommend you read the article more closely and truly understand what he's saying.
I would argue his argument is overly simplistic for two reasons:
* many of those who engage in nonremunerative work contribute just as much as those who have accumulated millions. Saying the 99% owe the 1% is just as much of an over-generalization as the reverse
* many institutions allow people to earn wealth from activity that is socially harmful, like politicians turned corporate lobbyists who earn millions getting subsidies and regulatory barriers to competition for their employers, or like public sector bureaucrats who sway public opinion in support of useless government work just to ensure their department budget continues to grow.
- jonhendry18 9y agomany institutions allow people to earn wealth from activity that is socially harmful Like SCL/Cambridge Analytica.