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> It is a race to the top. Solvable via regulation if anyone really cared, but I suspect no one really does. Well put. I suppose no one cares enough because, a
by crispyambulance 5y ago
> It is a race to the top. Solvable via regulation if anyone really cared, but I suspect no one really does.
Well put. I suppose no one cares enough because, after all, there aren't THAT MANY billionaire tycoons. And, sure, they perform a valuable function in putting many people to work and giving away millions of turkeys on thanksgiving, etc.
But now, we're in an era of billionaires racing each other into space and compensation levels which are "astronomical". It's in some ways a repeat of the age of robber-barons except I don't see it slowing down any time soon. Now I wonder what ended "the gilded age" ~100 years ago? Oh yeah, world war + economic crash.