How many 10x productivity revolutions do we need? At the end of it, will there be only one person left producing everything for humanity in 5 minutes each Tuesday afternoon?
How many 10x productivity revolutions do we need? At the end of it, will there be only one person left producing everything for humanity in 5 minutes each Tuesday afternoon?
Once I would probably have said when everybody has enough.
But I have found out that is naive, because looking at billionaires, it’s obvious that people just increase their consumption to the extreme if they can. Apparently we will never have “enough”.
With near limitless resources, we will probably want to own our own planets.
The condition of being a billionaire is pathological, and should be dealt with in an appropriate way to pathology.
Most of those people started out as perfectly normal people. It’s the unchecked power that makes people go gaga.
No most did not start out like normal people, By far the most billionaires grew up very privileged. Not just privileged as in not being poor, or not being a minority. But really really privileged.
These people generally grew up in an environment of entitlement, that is way beyond normal people. They think they are entitled to be privileged, and they think they deserve their privileges because they work so haaarrddd and are so brilliant with money because everything is paid for by their parents, and they were never short of money.
Bill Gates, his mother was on the board of IBM.
Elon Musk. His father owned an emerald mine in South Africa.
Donald Trump inherited a fortune, and was given a million dollars just to start on and learn the ropes.
Common in almost all billionaire stories is that they never had to work for anybody, and they never had to worry about economical consequences of their actions.
There are some exceptions to this though, so it doesn’t explain everything.
Who?
I was initially thinking of some of the shark tank guys who like to tell their rags to riches stories. Like Daymond John or Robert Herjavec. But a quick search tells me they are not actually billionaires.
Is it the Mormons that get to own their own planet when they die? Or is that the JW’s?
Mormons
Actually, ironically, that would be BETTER than what we have now. Billionaires increasing their consumption would at least mean they’re SPENDING their money on something which is paying SOMEONE.
Instead they hoard and do nothing with it.