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That is however a poor reflection of reality. In reality every man is not living on some Robinson Crusoe island where they create all their success and wealth i
by socialdemocrat 7y ago
That is however a poor reflection of reality. In reality every man is not living on some Robinson Crusoe island where they create all their success and wealth in a vacuum.
Quite the contrary, almost all wealth in modern society is dependent on utilizing the knowledge and labor of other people. Either you extract rent from owning property or you extract profits by owning capital.
Either way you are somehow getting other people to do work for you. As your wealth and success grows your bargaining position improves.
In a market economy, the price paid for a product is determined by the bargaining position of the seller and buyer. A sufficiently rich capitalist owner can squeeze down the wage of his workers and thus extract a large surplus of income.
With wealth comes power. You can use your wealth to buy or influence politicians to create laws that benefit your and which are detrimental to your workers or possible competition. You can use your wealth to propagate a dynasty. Pay for your children to get the best education. Send them to schools where the rich and the powerful create special links and bonds. An insider game where they make sure they stay on top.
It is native to assume the game cannot be rigged in favor of the rich. It can and it has been done so since the dawn of time.
It does not mean we should not have rich people. But let us not kid ourselves into thinking opposing and conflicting interests don't exist.