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More self-serving feel-good from pg The way to make billions, or even millions, is OWNERSHIP. Own the profits or some of the profits of other people's hard wo
by jacknews 2y ago
More self-serving feel-good from pg
The way to make billions, or even millions, is OWNERSHIP.
Own the profits or some of the profits of other people's hard work and creativity in some way, either directly or indirectly (eg property), or the promise of such profits (stocks), and trade that.
That's not to say you shouldn't work hard or create, yourself. Just that hard work, creativity, etc, in and of itself, doesn't pay. It pays off when you work harder (or smarter, or just luckier) than other people, in order to win or create ownership, that other people will then contribute to. Just like pg did.
- tightbookkeeper 2y agoIf you make studio pottery you likely own everything, and still dont make money. Many FAANG employees are clearly in it for the money or status and have no real ownership. (Inb4 RSUs. They are treated as cash.) The Marxist analysis makes most sense in the context it came from - the Industrial Revolution where most economic value was concentrated in expensive machinery.
- ponector 2y agoTheir comment said to own other people's profit. And that is true: the only way to get really rich is to own results of work of millions other people. Like Musk, Zuckerberg or Mohammed bin Salman.
- tightbookkeeper 2y agoAnd my comment argues why that’s not true: - many people prioritizing money are workers - many (most?) owners are not making money So in the context of this essay “choosing ownership” is not the key career choice facing young people.
- badpun 2y agoSport stars and top actors, musicians etc. are really rich too and they don't own other people's profit (or, at least, they made majority of their wealth off their own work, and then added extra money on top via investing their earnings).
- jacknews 2y agoThey indeed have a better claim to earn directly from their work, but don't forget the army of producers, stage-hands, runners, security guards, marketers, even ghostwriters, etc, etc, who support them, and who typically don't get a cut of profits.
- tightbookkeeper 2y agoAnd their labor on its own isn't as valuable. Nobody goes to watch stage hands and security guards. There is money to be made because the celebrity exists.