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I appreciate your response and I actually agree with most of it. Let me address your points in order. >First, you seem to conflate being a billionaire with con
by ijcaatst 5y ago
I appreciate your response and I actually agree with most of it. Let me address your points in order.
>First, you seem to conflate being a billionaire with conspicuous spending or otherwise inefficient use of their capital. Once again this is a generalization and many billionaires don’t have these sports cars and estates that you describe.
Of course there might be some modest billionaires that lead relatively normal lives. Obviously my arguments do not apply to billionaires that sit idly in their wealth. I could try to make a different case for why that is an issue but I do not have major moral quarrels with that type of individual and have no interest in picking this fight. Though I assume you agree with me that this type of billionaire is a rare one.
>Secondly, you state “I just think the idea of many humans spending their lives in order to satisfy a single human is absurd”...
Excellent point and I can not stress enough how much I agree with you. To be clear, I am not arguing that the principle of the division of labor is bad. Obviously some people need to be software developers and other line cooks. But I am deeply bothered by the fact that I will average 40 hour weeks affording me a great deal more leisure than the person who assembled my laptop, farmed the bananas I eat and sewed the shirts I wear.
This does not mean that the solution is for me to live in the forest and sustain myself on berries. I recognize that this inequity is the result of different economies being in different stages of industrialization. My participation in the global economy will most likely help rather than hurt countries in earlier stages of development. I expect my global peers to join me in a relatively painless and happy life full of leisure as developing countries reach a more mature economic stage. If you tell me that this will never happen and this inequity is permanent, I might have to seriously re-examine my personal moral beliefs.
I have the same attitude towards billionaires. I recognize the historical trajectory that brought them here and for the cheap access to information and technology enabled by the industries that minted the latest set of tech billionaires I consider the deal to be quite good. I can still hold the belief that its morally wrong to have a billionaire class while not advocating for violently dismantling the current societal structure. I want society to become more equitable but I think the more realistic time-frame is in the span of hundreds of years, just as most social progress over the last millenia.
>You also state that “If the billionaire holds majority stakes within prominent industries we are delegating important decisions to opaque power with unknown agendas that we can not hope to influence in meaningful ways.”...
Good point. It can be argued we are better off due to undemocratic decision taken by key industry leaders. By democratizing every decision growth would likely be stifled. But there are middle-grounds. I for example would like some democratic influence over google without necessarily nationalizing it or forcing it into a co-op. Google is the de facto information aggregator for the half the worlds population that has internet access. This is a good thing and is due to decisions by democratically unchecked business leaders. However, its model for delivering information is highly incentivized to maximize ad revenue rather than providing the highest quality information. Philosophically, I believe that when something becomes ubiquitous to a large group of people, those people should have a say in that thing. I think a more democratic google is a moral necessity here which will likely be in detriment to the profit incentives of the shareholders. What this entails in practice is something we could probably argue about for a long time. (I understand that Pichai is not a founder nor a single majority holder of google and barely a billionaire. I choose google to highlight the drawbacks and advantages of democratic vs undemocratic power. Our discussion is about billionaires and not corporate decision making though I hope you can see how my reasoning would apply to undemocratic yet helpful decisions made by billionaires. )
Finally, I would like to state that my desired end goal is not complete 100% mathematically verified equality in all measures. I'm not a Pol Pot-esque collectivist who does not believe in the individual or individual differences. I actually believe a degree of inequity to be necessary for a dynamic society. A billionaire is a different beast than a multi-millionaire. I'm not advocating for a revolution to topple the billionaires. I'm advocating for a conversation about how extreme wealth might undermine the health of our society.