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A comment on Wealth inequality is root cause of all current economic woes. Interview. [video]. Parent comment

Re:Wealth inequality is root cause of all current economic w... by TacticalCoder on Saturday February 17, 2024 @05:44PM (#39414246)
> The 'pie' is the world's resources

We're on HN and I don't know if you got the memo but there's this thing called computing and digital information.

Zeros and ones, which can be copied near infinitely and make nowadays a huge part of the GDP.

I listen to music, watch movies, participate in discussion, read books, etc. without it eating much of the world's natural resources.

I know Marx totally missed that that would happen but, well, shocker, it happened: Microsoft, Google and Meta are three of the top 10 companies by market cap in the world. Software.

Software. It's time for people to get their head out of Marx's ass.

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Re:Wealth inequality is root cause of all current economic w... by tmnvix on Saturday February 17, 2024 @06:08PM (#39414421)
> Software. It's time for people to get their head out of Marx's ass.

I find Henry George's much more accommodating.

His definition of land is important to distinguish between different sorts of wealth. We are a part of nature and as such natural resources have particular importance to us.

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Re:Wealth inequality is root cause of all current economic w... by thiagoharry on Monday February 19, 2024 @08:02AM (#39429293)
Curiously, the part that can be infinitely copied without restrictions is not directly part of GDP, as it is not directly commoditized. Closed source software with legal restrictions to copy the data and services are part of the GDP. Marx is very good to understand this distinction.
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