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darkwizard42 • yesterday at 7:46 PM • 1 reply • view on HN

"It only makes sense that the wealth created that way is also able to be drained that way" is a HUGE statement that is highly unsupported by your argument.

We pay a price for a banana because of the intrinsic value of the banana AND the price the market will bear for a banana. Bill Gates will never pay $150,000 for a banana because a banana is not worth that much. You can try to charge him for that and instead you will just not sell him any bananas. The capitalist here loses because they want to make money and would sell a banana at a market clearing rate.


Replies

kelseyfrog • yesterday at 9:39 PM

Goods having intrinsic value is a lie told to children by Marxists. It's literally the first chapter of Capital.