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Agreed. Moreover, it's infuriating when people claim that 'technology' is responsible for changing the dynamics when they know (or should know) perfectly well t
by cryptica 5y ago
Agreed. Moreover, it's infuriating when people claim that 'technology' is responsible for changing the dynamics when they know (or should know) perfectly well that things like inequality and monopolies are caused by monetary policies which subsidize large capital-holders and thus give them an unfair advantage in the markets.
Also, to claim that 'the rich keep getting richer' has always been true is misleading, it's far worse today than ever before because our monetary system has never been so decoupled from the underlying economic processes of value creation. This means our system is more unfair than it has ever been before. There is almost no correlation between skill and success; on the other hand there is a significant correlation between cheating and success.