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A comment on The wealthiest 10% of Americans own a record 89% of all U.S. stocks. Parent comment

Re:The wealthiest 10% of Americans own a record 89% of all U... by Klinky on Monday October 18, 2021 @12:38PM (#28907473)
More money might also mean you're just really good at colluding, anti-competing, price fixing/gouging, arbitraging, exploiting, socializing expenses and negative outcomes, or monopolizing.

It's extremely flawed and naive to think a positive balance sheet means a positive outcome for society occurred in the process of obtaining it.

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Re:The wealthiest 10% of Americans own a record 89% of all U... by fighterpilot on Monday October 18, 2021 @12:53PM (#28907672)
That's why I said I could go on about why it's not perfect. I admit there's downsides, but I still view it as a great thing on net, due to the general tendency to align incentives with value provision.
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Re:The wealthiest 10% of Americans own a record 89% of all U... by Klinky on Monday October 18, 2021 @01:18PM (#28907960)
It's not just "not perfect", it's extremely flawed. You didn't "go on" at all about its flaws or failures at measuring merit, and only provided a toy example of a superfluous mega-rich celebrity deserving his wealth while ignoring Hollywood's underhanded exploitation and accounting issues.
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Re:The wealthiest 10% of Americans own a record 89% of all U... by TameAntelope on Monday October 18, 2021 @01:30PM (#28908107)
Because something is "not perfect" or "extremely flawed" doesn't mean there is a better thing out there.

Something can be "extremely flawed" and also be the best option available, such as in this case.

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Re:The wealthiest 10% of Americans own a record 89% of all U... by sudosysgen on Monday October 18, 2021 @02:15PM (#28909045)
You have to make a case for it that isn't circular first.

The idea that there should not be any democratic input on the economy seems quite unsupported so far.

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Re:The wealthiest 10% of Americans own a record 89% of all U... by laserlight on Monday October 18, 2021 @03:30PM (#28910401)
How do you know there’s no better alternative out there? I don’t see anyone trying to find one.
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Re:The wealthiest 10% of Americans own a record 89% of all U... by colordrops on Monday October 18, 2021 @02:26PM (#28909296)
The system is heavily corrupt. The premise that it is mostly working with some flaws itself is heavily flawed.
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