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If 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 rea
by tightbookkeeper 2y ago
If 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.