Markets are just markets, not oracles of unbiased merit. Making whatever the market does morally normative as you're doing is frankly, evil. They're useful tools, but that is all. They should not be a religion.
Anybody, as long as they had a westernized upbringing, access to computers and education, and a middle class or higher status in their country...
They certainly shouldn’t be a religion, but they aren’t just “useful tools”. Not infringing on people’s freedom to make consensual decisions should be the default, not some “tool” we “allow” because it’s “useful”.
This isn’t about worshipping capitalism or markets, this about the fact that preserving individual freedom necessarily results in free markets. The core ideal is individual freedom - which is moral - free markets are just the byproduct.
But we're not. Much of it comes down to the simple lottery of the circumstances into which you were born.
If you have an inherited trust fund, or wealthy parents and friends to fall back on, you can take huge risks, one of which might eventually lead to a multi-million dollar payout even if several of them fail dismally in the meantime.
But if keeping a roof over your head and putting food on the table today is dependent on working two backbreaking jobs today and every day, you're not "free" to be a founder.
"To them that have, more shall be given."
The things I got from my parents are things many people have had - some of which; such as help buying a terrible beat up old ‘78 Dodge Van to move states to my first real job, or a relentless drive to get better, to DO better, a great many people have had. I’ve also been lucky to get into the industry when someone motivated but without credentials could get started.
I’ve had zero money from them since I started working at 16, and before that it was a minimal allowance I earned through hard work with chores. I earned the $200 to buy my first computer digging holes and repairing fences.
Don’t buy into the myth it’s not possible. It’s self defeating. Also, don’t buy into the myth it’s easy for anyone - even those from money. It will test you like nothing else will, and I’be done enough hard things over the year to know
Imagine a company starting out. If they need you to join or they fail, and they can get you for 1% of the company, that founder is rewarded incredibly for securing you with very minor cost to the company, making them rich and you not, even if you are responsible for the success of the company. The reason being: if you’re so integral why didn’t you start your own company and keep all the equity? Why didn’t you bargain for more?
Capitalism doesn’t make any prescriptions about what should happen, it’s just a system where individuals make consensual transactions and the chips fall where they do.
In the above scenario, whether the founder “deserved” to be rich or not doesn’t matter, because you “made” them rich with your consensual transaction. As long as we are all free to be the founders or the employees, I don’t see why there should be some moral issue there. If your effort is worth more to others, either you need to haggle harder, start your own company, or you’re lying to yourself.
Everyone is a stock in capitalism, that’s all that is true. Everyone sets the value of each other’s labor and capital. If your stock isn’t doing so hot it’s because others aren’t buying it.