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If the resources used to build Uber were put to better different use, then indeed it would certainly be better for the average worker. Even mediocre uses would
by flangola7 4y ago
If the resources used to build Uber were put to better different use, then indeed it would certainly be better for the average worker. Even mediocre uses would be better than uses that specifically optimize exploitation and wealth extraction.
- twblalock 4y agoThis is hand-wavy and assumes that investment in business is zero-sum. It's not, because our economy works on wealth creation not wealth extraction. The existence of Uber is not preventing anyone from investing in other things.
- yamtaddle 4y agoI don't see how the post assumes that investment is zero-sum; to me it reads, rather, as assuming that capital isn't unlimited, which isn't the same thing. > It's not, because our economy works on wealth creation not wealth extraction. This can be true of the economy overall, but false of particular actors or actions within the economy, as in the case of rent-seeking, for example.