alt Hacker NewsThis is fundamentally wrong. If Elon created Tesla and made ~$100B of wealth from it, he also made all the other shareholders richer by way more. Not only that - the world now has Teslas it otherwise wouldn't. Everyone wins and there is no extraction of values (old Marxist jargon that needs to go away).
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Yeah sorry I was thinking about value as more about quality of life and society. If you define it as shareholder value and producing stuff, then by definition corporations and their executives are of course contributing the most.
That's all good if you assume people can't be tricked (tricked into paying more, tricked into buying something they don't want, tricked into working harder). The tricked person ends up with less and Elon ends up with more.
Is making shareholders rich contributing to society and humanity?
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EXACTLY, thank you! I run an international human trafficking and drug smuggling operation. I know that what I'm doing is good for society:
- It makes me and my partners extremely rich
- It creates jobs for at-risk youth
- It provides products and services that people want
It benefits society! I am a benefit to society! Why can't anyone see this?