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Did you get your entire understanding of economics from an Ayn Rand novel? The idea that there are givers and takers is a nonsense understanding. Even billionai
by Kye 5y ago
Did you get your entire understanding of economics from an Ayn Rand novel? The idea that there are givers and takers is a nonsense understanding. Even billionaires provide a little value, though not much. I also don't see how the people providing the bulk of value, mostly in retail/service, could afford to leave with billionaires taking all the remuneration from the labor of others.
Your analysis is complete bunk.
- mikestew 5y agoDid you get your entire understanding of economics from an Ayn Rand novel? That's what it was reminding me of. (The USSR comparison should have given it away, but I can be slow that way.) Complete with the farmers going all "John Galt". Of course, what Rand forgot was that there's not going to be pitchforks at the granary. Like, what, folks are just going to let that land lie fallow? Like there isn't going to be some other steel company glad to have the competition out of the way? (re: Atlas Shrugged) Some folks like to fantasize that the world will miss them when they take their ball and go home. Some will later discover that the world is cruelly indifferent to them.
- qaq 5y agoYou have to realize that there is decent amount of people who lived through the collapse of USSR on HN, so just because someone mentions USSR in the context that is upsetting to someone with left leanings does not mean that it's without merit.
- rrrrrrrrrrrryan 5y agoYeah, USSR references betray one's age more than anything. When socialism comes up today, left-leaning people reference the Nordics, and right-leaning people reference Venezuela.
- qaq 5y agoAside from actual age I mean literally were born in USSR and lived through it's collapse.