Re:SemiAnalysis: America Is Missing the New Labor Economy – ...
by mitthrowaway2 on Tuesday March 11, 2025 @03:34PM
(#43336184)
> 3. what value do billionaires bring to the table
It's a good question. The Reagan-era response would be that having billionaires inspires people to work hard, take risks, come up with ideas and better themselves. In a post-scarcith era where the only route to wealth is capital, and machines handle the hard work and ideas, I'm not sure what benefit remains from having billionaires. What good are incentives at that point?
It's a good question. The Reagan-era response would be that having billionaires inspires people to work hard, take risks, come up with ideas and better themselves. In a post-scarcith era where the only route to wealth is capital, and machines handle the hard work and ideas, I'm not sure what benefit remains from having billionaires. What good are incentives at that point?