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Society would be better if we could, and we would all benefit. Looking at what the growth trajectories are of countries with high corruption, it’s not great, s
by epicureanideal 1y ago
Society would be better if we could, and we would all benefit.
Looking at what the growth trajectories are of countries with high corruption, it’s not great, so our growth is probably still reduced by the corruption or lawlessness that still exists.
- thfuran 1y agoWhy do you think having billionaires at all is of benefit to society? Or do you just mean that the people inclined to break rules to accumulate unreasonable wealth would just follow them instead if that worked as well and that is what would benefit society?
- epicureanideal 1y agoBecause in a well organized society where wealth accumulation is not by corruption, then by definition it would be by creating value, which benefits everyone. The alternative is something like oligarchs that extract wealth because of state granted monopolies, corporatism that strangles competition with anti competitive regulation, etc. The accumulation of wealth is all out of proportion and possibly not even correlated in those cases with the production of actual value.
- thfuran 1y agoWealth is accumulated by capturing value, not by creating it.
- epicureanideal 1y agoTechnically true, but ideally it would be capturing a portion of value created by them, rather than a portion of value created by others, is my point.