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Most billionaires have some kind of monopoly over a part of the economy; in maintaining this monopoly, they are having a negative impact over the efficiency of
by jondubois 8y ago
Most billionaires have some kind of monopoly over a part of the economy; in maintaining this monopoly, they are having a negative impact over the efficiency of the economy so they need to offset this by giving more.
- sbinthree 8y agoIs efficiency the best health metric for an economy, or is it just an easy one to use? Many of the most useful things become natural monopolies because they are so good.
- jondubois 8y agoLife in developed countries hasn't improved at all in the past 10 years. There are more apps and more gadgets but no actual improvement. If you really consider everything, the life of the average consumer has gotten worse. Consumers are also producers and most consumers don't want to spend their lives being faceless cogs in the giant corporate machine but they don't have a choice anymore. What is the point of satisfying the most trivial consumer needs when their most fundamental needs to have a meaningful job are overlooked completely? If there were fewer corporations, people would have better jobs, fewer people would live in big cities and they would be happier overall. The system would be more efficient at delivering value to people.