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> people like me are creating a lot of value, please acknowledge it. Also there are no downsides to this accumulation of wealth That is an overstatement of the
by gopalv 6y ago
> people like me are creating a lot of value, please acknowledge it. Also there are no downsides to this accumulation of wealth
That is an overstatement of the article, but the article is actually defending the rise in inequality as a nature of the world today with no guilt (of participation) about it.
Reminds me of the call girls in H2G2 who specialize in sociology telling executives that it is okay to be rich and they earned every dollar in a dystopian war field (HanDod city?).
It is extremely important for a creator to truly believe that "they built all this value" (non zero sum value and that is often true) and not merely built an efficient transfer mechanism into their pocket. This in contrast to something like Warren Buffet's "lottery of birth" statements.
He is right about something though, the rules are the same as before.
"Welcome all. Everyone can play, the winners get to keep playing, the rich can play longer even if they lose - those who play longest, win big. Just remember there are no second acts in american life".
The winner-take-all only benefits those who can actually spread their investments around ,so that the investors can spread their money, but the workers can't spread their time around 10 possible jobs.
Also, picking oil and 1982 feels odd considering half the "gas crisis of the 70s" highlighted why oil is critical.
If I said medical tech would boom in the next five years, with vaccines for HIV and bespoke immune therapy for cancers, that would not be a bad bet because of the usual "events leading up to".