Re:Capitalism Has Gone Off the Rails
by amelius on Monday November 03, 2014 @07:45AM
(#8550499)
> and capitalism in particular are not a zero-sum game
Look at it this way. Money causes corporations to become powerful entities (through propaganda, lobbying, internal R&D, etc.), and this reinforces the loop. There is a selective component, in that competition leads to corporate casualties. In other words, capitalism causes agglutination of money. Hence, capitalism leads to some people becoming rich, and most people becoming poor (because they are now out of business).
The effect will be directly noticeable to people here on HN when Google invents strong AI, and puts every programmer in the nation out of business :)
Look at it this way. Money causes corporations to become powerful entities (through propaganda, lobbying, internal R&D, etc.), and this reinforces the loop. There is a selective component, in that competition leads to corporate casualties. In other words, capitalism causes agglutination of money. Hence, capitalism leads to some people becoming rich, and most people becoming poor (because they are now out of business).
The effect will be directly noticeable to people here on HN when Google invents strong AI, and puts every programmer in the nation out of business :)