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"Why should we continue to award 100% of the gains of new technologies to capitalists?" Because they assume the risk of these ventures. Ever hear the statistic
by missedthecue 4y ago
"Why should we continue to award 100% of the gains of new technologies to capitalists?"
Because they assume the risk of these ventures. Ever hear the statistics about how 95% of startups fail in the first x years? Meanwhile, the guy clicking around in AutoCAD did nothing to further the rise of productivity. Why should he be gifted the benefits of other's toil simply for breathing?
- Bakary 4y agoEntrepreneurs benefit from free toil and public investment all the time. Try starting a business in a poorer country with no good institutions nor infrastructure, inefficient education etc. and it'll become abundantly clear what you are taking for granted.