alt Hacker NewsEven if they had no power at all, they'd still be forced to suck up to the authoritarian Trump regime. They have to, because he's petty and vindictive and they rationally don't want to be wrecked by a narcissistic authoritarian.
>However, even in a literalist reading, the trends are obvious and alarming: Twelve people own more of the world's wealth than the bottom 50% of the population (!).
This alone implies nothing. What matters is the floor. A world where there was almost no wealth disparity but everyone was poor would be awful, and a world where 5 people had 10 billion times more wealth than everyone else combined would be good if all those other people lived in amazing prosperity. And if you check the correlations on standard of living and wealth inequality, you'll see it not only implies it but to some degree implies the opposite. (Obviously, it is more complicated than that alone, and increasing the floor would at this time require raising taxes in a way that evens things out more.)
> Even if they had no power at all, they'd still be forced to suck up to the authoritarian Trump regime. They have to, because he's petty and vindictive and they rationally don't want to be wrecked by a narcissistic authoritarian.
Sure, but it goes both ways. Musk didn't need to take the chance to wreck government mechanisms that are supposed to be a check on his companies. Altman et al don't need to lecture world leaders at the G7, etc etc. All of those are active choices.
> This alone implies nothing. What matters is the floor. A world where there was almost no wealth disparity but everyone was poor would be awful, and a world where 5 people had 10 billion times more wealth than everyone else combined would be good if all those other people lived in amazing prosperity
This is where we disagree. Wealth isn't some objective number in isolation. Sure, getting everyone out of poverty is amazing and one has to commend societies that achieve that - most notable example here would be China over the past few decades.
But the key thing to understand here is that wealth is a social relation, not some sort of pure material thing. If you were the only person on the planet, technically I guess you would own it all, but I'm sure you understand that statement would be meaningless. What makes wealth interesting is that it is formalized power over.
It's what makes the cleaner clean the well-off persons toilet because they wouldn't be able to afford food otherwise. It's how the middle aged white guy gets to sleep with the young Thai girl because she's worried about her mother's medical bills.
I would posit that that social relation is the injustice that requires solving once a base of material comfort is met. Raising the floor isn't enough. Removing the twisted power games is the only way to have a society that isn't deeply extractive and counter to human dignity.
Similarly, think about the example you've given with the 5 billionaires and everyone else pretty well off. What could those five make the rest do? Can they use their own resources to make somebody else not-well-off? If so, what does that say about the power structures of the society they live in? What does that mean for freedom, for self-actualization?