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There’s no objective way to determine how much of a product’s utility is created by whom. For example, if I invent a thingamajig and hire people to build and se
by TFYS 1y ago
There’s no objective way to determine how much of a product’s utility is created by whom. For example, if I invent a thingamajig and hire people to build and sell it, how can we determine what percentage of the value comes from me, the workers, or the users who find new ways to use it? We can’t.
As a result, money gets distributed based on the relative power of those involved in the process. Business owners typically hold the most power, in-demand workers have some leverage, and others have less. So being rich doesn’t necessarily mean you’ve created a lot of value for others, it may just mean you’ve held positions of power.
Getting rid of these positions of power is the way to create a more equal and prosperous society.