3 ms·
well, running the financial system is overpaid work but it's the high-order bit in the current form of capitalism. it's the operating system, some people might
by RockyMcNuts 2y ago
well, running the financial system is overpaid work but it's the high-order bit in the current form of capitalism.
it's the operating system, some people might think it's a tax on everything, some people might think it provides the foundation to produce everything of value.
similarly, Google is the high-order-bit in the information or content economy, the creators get underpaid, the people who do ad optimization get overpaid.
no financial markets -> no IPOs -> no VC -> no Google and Silicon Valley as we know it.
the closer you are to the money and the transactions, and the high-order bit, the better the opportunities to redirect and organize to your advantage, and the more you get paid.