Since you’re thinking about these things, you might also want to think about why individuals should be able to dictate what happens in the economy at all? Billionaires can’t exist without owning large swaths of the economy, and by owning large swaths of the economy they directly and dictatorially control a major part of the lives of thousands of people. More than Lords of old.
Why shouldn’t the economy be democratized? Why shouldn’t workers decide what to work on, and how to organize their work? Why shouldn’t the economy be cooperative instead of competitive, do we need winners and losers? Why can’t we just share our techniques and resources? Wouldn’t we all be better off?
I think the answer is we still use some dated heuristics. Some time in the 1800s when industrialization started to manifest people decided on the right and wrong ways to do things. People then added on and kept adding on. Unfortunately for us this process is only additive and we never take away or reconsider large over arching norms that don’t fit with all the advancement we’ve achieved.
Depends on what we are talking about. Wealth in the form of oil? Maybe. Wealth in the form of housing, no.
The things people need to have a fulfilling life are in abundance. Sure, we all can’t drive humers and fly private jets.
Since you’re thinking about these things, you might also want to think about why individuals should be able to dictate what happens in the economy at all? Billionaires can’t exist without owning large swaths of the economy, and by owning large swaths of the economy they directly and dictatorially control a major part of the lives of thousands of people. More than Lords of old.
Why shouldn’t the economy be democratized? Why shouldn’t workers decide what to work on, and how to organize their work? Why shouldn’t the economy be cooperative instead of competitive, do we need winners and losers? Why can’t we just share our techniques and resources? Wouldn’t we all be better off?
I think the answer is we still use some dated heuristics. Some time in the 1800s when industrialization started to manifest people decided on the right and wrong ways to do things. People then added on and kept adding on. Unfortunately for us this process is only additive and we never take away or reconsider large over arching norms that don’t fit with all the advancement we’ve achieved.