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Arainach

9132

Karma

2013-04-07

Created

Recent Activity

  • I don't even agree with that. In many cases the rich people at best paid the salaries of other innovative people and then claimed the IP rights and the overwhelming share of the proceeds.

    Elon didn't invent anything about rockets or electric cars. He hired (or perhaps just bought a company that had already hired) smart innovative people and got rich off them.

    Pharmaceutical CEOs aren't innovating anything but they get rich off the innovations of others.

    Most of the people who innovate or invent a new tool or product don't have the capital to mass produce and market it and end up selling their rights, which others benefit from.

    Very few rich people are involved at all in innovations. Technology, which is less capital-intensive to scale than other fields, is an exception where several rich folks actually were involved - Steve Jobs' design sense, Larry and Sergei's PageRank algorithm, etc. but even then most of the people actually innovating new things don't get rich and watch others with more resources copy them, outmarket them, and take the money.

  • > Most of the American innovation came from a small number of very rich people

    Replace "came from" with "was purchased by" or "was copied by an entity with the resources to push the inventor out of the market" and you're getting a lot closer.

  • The US does not limit the number of doctors that can graduate. The limit is on the number of residencies funded by medicare. If the private sector wanted more doctors in order to pay doctors less, they could just offer paid residencies themselves. Somehow the free market hasn't solved that one. This ignores that doctors' salaries aren't a significant cause of the problems and insurance companies are the true root of high prices.

    Rent control stabilizes prices while more supply can be built, because it is in the interests of society for people to be able to afford to live, and we can't will additional buildings into place overnight. High eviction rates destroy communities and have many negative side effects.

    In the absence of regulation, corporations lie, cheat, and steal, and have a massive power imbalance against ordinary people. No one has enough time and energy to research every option for everything in their daily life, and they rely on laws to establish safety measures they can rely on.

  • If the businesses that want data centers want to pay the full construction costs for the new power plants, great. Otherwise consumers are paying for them in the rates they pay to energy companies.

    It should not be considered shocking or controversial that people already hit hard by corporate greed and other effects of late-stage capitalism don't want to pay higher utility rates to subsidize the data centers being built by megacorporations who want to take away even more of their jobs.

  • Holes such as what?

    There have always been rules and laws. The US has never been a totally free market. Most of the laws and rules we have were written in blood by people professing a "free market" right to poison our people, rivers, air, and more.

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