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Because in a well organized society where wealth accumulation is not by corruption, then by definition it would be by creating value, which benefits everyone.
by epicureanideal 1y ago
Because 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.