Re:I Am Sam Altman, President of Y Combinator. AMA
by amelius on Friday March 18, 2016 @06:21PM
(#11315674)
> wealth that, again, exists because the winning companies' machines were able to do things more efficiently than the losing companies' human laborers
Losing companies also produce wealth, perhaps even more so, because e.g. they didn't spend enough on advertising. However, in this winner-takes-all economy, the losers have to give up.
All wealth does not exist only because of winning companies.
Losing companies also produce wealth, perhaps even more so, because e.g. they didn't spend enough on advertising. However, in this winner-takes-all economy, the losers have to give up.
All wealth does not exist only because of winning companies.