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by fsloth 3812 days ago
Rebuking the notion that all wealth is earned through directly creating value.

For instance, the biggest reason top actors in hollywood succeed in capturing so much value is because starting in the late 1970's CAA ([1]) moved leverage in negotiations towards actors, not because they are so much better actors. If talent had less leverage, they would create as much value if they were paid less, but studios and their owners would capture the value.

Economy is a wealth creation platform but it does not come with an automatic "fair scoring" system.

[1] https://en.m.wikipedia.org/wiki/Michael_Ovitz