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Money breeds money. It's just a consequence of the right to private property that this will be the most profitable strategy. It's bad, but changing it would req
by tormeh 13y ago
Money breeds money. It's just a consequence of the right to private property that this will be the most profitable strategy. It's bad, but changing it would require a huge rethink of capitalism, and the powers that be wouldn't like that because they are a product of the current system. Even the cool ones, like Elon Musk, counts here.
I've often thought about this. Why do we have the right to own land? The people who own the land rights to various parts of Manhattan, Bay area (and other popular places) might pay some taxes and handle some paperwork but other than that they just collect what's basically a tax on everyone who wants to be where the opportunities are. Same with operative systems APIs (like win32) and processor instruction sets. It's not really relevant how the specific individual/company/family got into the position as a gatekeeper. It could have happened hundreds of years ago. Now they're just a taxman you can't vote on. Constrained gatekeeper resources like land or frequency spectrum should be government property for all eternity and rented out to the highest bidder on, say, a fifty year basis. Non-constrained gatekeeper resources should become public domain.
Money isn't nearly as bad, though. You can take investments from the lowest bidder after all, but you can hardly get around Manhattan/Windows/x86. Basically, the issue here is that it's easier to let your money work for you than working yourself. Maybe you could put into law that for each share sold or dividend given (basically, whenever an investor gains cash from his/her investment) a certain percentage also has to be equally distributed among employees. That might work, but I can imagine that investment targets would be vulnerable to investment competition from countries without such a law.