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by frenchy 2101 days ago
I think the jist was that BrainInAJar believes that most people who get super rich do so, not by simply providing value, but by exploiting vulnerabilities in how society works so that they create a need for the value they are going to provide.

I'm not sure how accurate of a representation this is, but it certainly appears to work that way in some places. Realtors are a really good example of this, and of course, Butler's "War is a Racket" is a classic regarding the US military-industrial complex.

1 comments

Comcast is my favorite example of this.

Cable originally started because people in valleys of PA and the like could not get antenna reception. So the CATV companies put up lines and started selling the service.

Sure, they were filling a 'need'. But I think when we look back at how the CATV Industry itself punishes 'piracy' there is more than a little irony. The only reason they started paying was because it was codified into law.

Also, the CATV Industry's general union-busting structure; lots of linework invovles 2-3 layers of contractor companies. By doing so, they help prevent unionizaiton (which is a thing in the Phone line side of things, their workers tend to get paid more and be happier in my experience) and also 'absolve' themselves of much of the responsibility when something goes wrong (especially in the contractor industry, that 'last layer' may not be around in 1-2 years.)

> The only reason they started paying was because it was codified into law.

Aye, there's the rub. The greatest evils are when the billionaires team up with the government. Shifting money from the villains with money to the villains in the legislature doesn't solve that problem, and the villains in the legislature already spend close to half the GDP.