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I guess the point is that the ~slaves~ paid laborers that built the pyramids were "useful", but the people that told them what shape to build were "valued"? T
by hermannj314 1y ago
I guess the point is that the ~slaves~ paid laborers that built the pyramids were "useful", but the people that told them what shape to build were "valued"?
Tools are useful but ultimately can be thrown in the trash. Valuable things must be preserved and treated with respect. Strategic thinkers and VCs are treasured, but workers and ICs are dispensable.
This is just a lot of words to imply a moral hierarchy around social class.
- meepmorp 1y ago> I guess the point is that the slaves that built the pyramids were "useful" just to nitpick - the consensus among historians now is that the pyramids were built by paid laborers, not slaves
- hermannj314 1y agoI appreciate this correction.
- Workaccount2 1y agoI completely understand the allure of this line of thinking, but a better way to quantify this is people who are collecting a paycheck vs. people who are taking on risk. I have noticed as I got older that many paycheck collectors are totally unaware of risk (as I was), likely because it plays no part in there day to day life. They are hyper-focused on the minority whose bets paid off and got obscenely wealthy, and totally unaware of the massive graveyard of those who incinerated their life savings. Hell it's not uncommon for a business to collapse because of honest mistakes made by the paycheck collectors, who upon the business closing just went and got another job, maybe after being on unemployment for a bit. For the risk takers, I can tell you that unemployment checks don't cover lost equity. The rub here is that the paycheck collectors also highly value the "good" risk takers. Most people, given the opportunity, would put their money into a fund managed by someone with an excellent track record.