That’s absurd. Obviously they are creating incremental wealth and their particular toy didn’t make or break billions.
The post I replied to allocated all of the monetary value of the Star Wars branding of a toy to George Lucas personally, which I think is obviously wrong.
in the same way that Lebron didn't go where with his own feet, he benefited from coaches, support, doctors, nutrionists & cooks, all dedicated to putting everything into this one man. Do you think merely being a freak of nature nets you a billion ?
> The actual opposing argument is that it's impossible to create a billion dollar enterprise without a group effort, and for one person to end up with a billion dollars necessarily means that they made decisions within that enterprise that resulted in a lopsided allocation of resources at the end.
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> And I would guess the NBA made a lot more money than LeBron.
And yes, in this case I believe the NBA is extracting asymmetrically, from Lebron and others.
Can you quickly break down which players on the team are fairly compensated and which are oppressed by LeBron?
It's also important to note that Harry Potter making billions of dollars also prevented any other similar books or ideas from making any large profits. The entertainment industry is very much a winner takes all industry. HP didn't hugely grow the children's entertainment market, it just outcompeted other works. This is extremely important to understand, because it directly implies that a huge part of the value is simply that media execs decided to bet big on HP instead of trying out many other possible properties. The money would have happened either way, more or less the same - they just would have been distributed to one or many other authors instead, if JK Rowling hadn't hit it out of the park. People would have bought a roughly similar amount of books for their children to read, a roughly similar amount of toys, would have taken them to a roughly similar amount of movies.