https://archive.is/2022.02.06-213241/https://www.wsj.com/articles/wealth-is-knowledge-information-economics-industry-computers-george-gilder-capitalism-musk-zuckerberg-11644175297

Another paradox is the belief that entrepreneurs like Tesla CEO Elon Musk and Meta CEO Mark Zuckerberg are driven by greed despite capitalism’s charitable characteristics.

    • keepcarrot [she/her]
      ·
      3 years ago

      That being said, socialist states give away lots of crap, e.g. doctors, tractors, education, AKs, etc etc. idk if that counts as charity though

  • Huldra [they/them, it/its]
    ·
    3 years ago

    Guy who literally has gold in his name explains to you why hoarding wealth is virtuous, actually.

  • Circra [he/him]
    ·
    3 years ago

    If it's the same Harvard educated economist George Gilder, he also advocates intelligent design over evolutionary theory and actually pumped a load of cash into weird groups lobbying for the teaching of the former.

    I am guessing here his grasp of economics is about on a level with his grasp of biology and reality in general.

  • shiny [he/him]
    ·
    edit-2
    3 years ago

    Therefore, no doubt, the sovereignty of man lieth hid in knowledge; wherein many things are reserved, which kings with their treasure cannot buy, nor with their force command; their spials and intelligencers can give no news of them, their seamen and discoverers cannot sail where they grow: now we govern nature in opinions, but we are thrall unto her in necessity: but if we would be led by her in invention, we should command her by action

    - Francis Bacon

    how wrong he was

    • Mardoniush [she/her]
      ·
      3 years ago

      I dunno. To some extent the development of higher communism is the movement from overcoming the tyranny of man to overcoming the tyranny of nature.

      Not just for us but for all life.

      Also im on my second Armagnac so not sure if this makes sense.

      • shiny [he/him]
        ·
        edit-2
        3 years ago

        As with all the ends of bourgeois economy in the factory and on the battlefield, origin is no bar to the dictates of the entrepreneurs: kings, no less directly than businessmen, control technology; it is as democratic as the economic system with which it is bound up. Technology is the essence of this knowledge. It does not work by concepts and images, by the fortunate insight, but refers to method, the exploitation of others’ work, and capital.

        - Adorno in The Concept of Enlightenment

        The nature thing was an aside, this is the thrust of my "kings with their treasures buying knowledge" in reply to the article title Wealth is Knowledge

      • Sum [any]
        ·
        3 years ago

        development of higher communism is the movement from overcoming the tyranny of man to overcoming the tyranny of nature

        Shouldn't it be the reverse? Feudalism and capitalism overcame the tyranny of nature through technology and organization. Communism - especially higher communism - then overcomes the tyranny of capitalism - of man.

        • CyborgMarx [any, any]
          ·
          3 years ago

          If the historical role of capitalism was to overcome the tyranny of nature then I think we can conclusively say it has failed in that task

          ……looks like it’s up to the commies to overcome both nature and man

          • NephewAlphaBravo [he/him]
            ·
            3 years ago

            Overcoming the tyranny of nature in the same way the French overcame the tyranny of the aristocracy

  • GenderIsOpSec [she/her]
    ·
    3 years ago

    Capitalism is killing us and destroying the planet, this is how that's a good thing!

  • UlyssesT [he/him]
    ·
    3 years ago

    "Another paradox is the belief that entrepreneurs like Tesla CEO Elon Musk and Meta CEO Mark Zuckerberg are driven by greed despite capitalism’s charitable characteristics."

    :sus-soviet:

  • NomadicWarMachine [any]
    ·
    3 years ago

    Wasn’t one of the greatest mathematicians ever born in a shack in India?

  • Norm_Chumpsky [he/him]
    ·
    3 years ago

    Sure, it's the "most charitable" because charity is a scam to replace social services with the pet projects of billionaires.

  • The_Champsky [he/him]
    ·
    edit-2
    3 years ago

    Anyone who says this has no right to use "technocracy" as a scare word.

    They spell out that they assume the average person is a blithering idiot and need rich people to save them from themselves by giving them a "life purpose".

  • zifnab25 [he/him, any]
    ·
    3 years ago

    Hello, yes, I am an economist.

    Loud wet farting noise

    And that's my expert opinion.