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I respectfully but also totally disagree. Value of money in particular is not intrinsic, it comes directly from the ability to redirect resource today (buy a ho
by gip 6y ago
I respectfully but also totally disagree. Value of money in particular is not intrinsic, it comes directly from the ability to redirect resource today (buy a home) and the future (be able to retire comfortably).
People made rich by Google will absolutely be able to redirect more resources to themselves in a world of bounded resources.
I think a lot of founders are idealistic about it and refuse to believe that at scale the start up mentality will increase inequalities. That's PG's point acutally, see the last sentence of his essay: it will. But he doesn't care. I do.