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Greed is not new, but the mechanics of society are completely different now than 100 years ago. For common people only 2 generations ago, the only way to 'make
by jollybean 5y ago
Greed is not new, but the mechanics of society are completely different now than 100 years ago.
For common people only 2 generations ago, the only way to 'make money' was to do actual work, something that probably created some kind of net value. Surpluses were shared differently, but work was done.
The opportunities to hustle and grab value while creating little for society is available to the common person today.
The economics have changed quite dramatically and that does factor into the equation.
- 99_00 5y agoCharles Ponzi became famous literally 100 years ago.
- burntoutfire 5y agoThere were plenty of markets runs, crashes and scams even in XVII century. Regular people (meaning "anyone with some excess capital") hoped to get rich off them, just as they do now.