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I would tend to agree. Oust was probably too strong of a word. It's not something you can enforce, because corruption would ruin it eventually. I'm not some
by donmcronald 3y ago
I would tend to agree. Oust was probably too strong of a word. It's not something you can enforce, because corruption would ruin it eventually. I'm not some luddite, and I think people should be able to get rich enough to never have to worry about money if they contribute something that increases overall global productivity by a lot more than the average person, so capitalism is probably the only realistic way to do that. Where it breaks for me is that I don't think anyone should get rewarded to the point where they're a billionaire. For example, when I estimate the human cost of a $500 million yacht, I think of it as 10k+ lifetimes of work and consider it a misuse of resources. That labor should be directed somewhere else and no one should have enough money and power to "waste" it on something as superfluous as a yacht.
What I really meant is that we need changes in attitudes and education. Instead of viewing the current tech leaders as geniuses for aggregating users, limiting (or eliminating) choice, and charging for access to users, which is a cost that gets passed to those users, we need the average person to understand the damage done in terms of lost innovation, increased prices, and wasted labor.
I think teaching financial literacy in schools would help a lot. People just don't understand how badly they're getting ripped off IMO.
- zx8080 3y ago> financial literacy Good point. But not a silver bullet: if taught badly, it only helps involving people into shady financial pyramid schemes.