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> If you can snatch them, they will build SpaceX or Google for you. Sure, but the vast majority of the wealth of building SpaceX and Google doesn't go to me. I
by harimau777 1y ago
> If you can snatch them, they will build SpaceX or Google for you.
Sure, but the vast majority of the wealth of building SpaceX and Google doesn't go to me. It goes to people like Musk and Larry Page.
- inglor_cz 1y agoCeteris paribus it is better to live in a country which can generate lots of technological progress than in a country that cannot.
- ertian 1y agoSo you'd be better-off if SpaceX and Google were Chinese companies? Also, a lot of the wealth from the tech industry does spill over to the larger community. You're strictly better off having it. If the US had just stuck with their 1970s economy on the theory that any new industries wouldn't distribute their benefits equally, it would be vastly smaller, less powerful and less wealthy. Surely that's obvious?
- confidantlake 1y agoAh the famous trickle down rebranded as "spill over".
- ertian 1y ago"Trickle-down" has become a thought-terminating cliche. Of course your country is better off if you have successful companies and high-income jobs.