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by joexuyi 1284 days ago
What happened to Jack Ma dispelled any concern that he is in any way of the inner circle of the CCP.

He is a truly an icon of the people.

2 comments

Billionaires seldom became billionaires without exploiting people.

Just because the CCP is bad doesn't make people like Ma the good guys.

It is an interesting theory, can you back it up? And what do you mean by exploiting?
Ma is worse than that.

Just check taobao, there are hundreds of millions faked or dodgy products openly being sold. Ma obviously doesn't have any sense of social responsibility for letting this to happen.

Let's don't even bother to start on the dodgy strategies from Ma's AliPay.

US GDP is about $75/hour per hour of labor. This means every billion dollars of wealth a single person has is over 6600 years of full time labor stolen from actual productive people.
So, money is equal to stolen time in you view. So if I work and get paid I am a thief. It makes little sense. When I get paid I can use this money to buy someone else labor. It is a medium of exchange and it is indicator of value that I generate. In the free market place, by default, you must generate or promise to generate value to get paid.
The point is no one becomes a billionaire from honest labor but by become a parasitic hedge fund manager or by stealing the labor from the employees of the company they own shares in, like Bezos does. to get to Bezos and Musks net worth in 20 years you need to be "producing" more like $3 million/hour. No single human is that productive and the only way to do this is by being parasitic.
What about renting? Do you generate value when you rent the places you inherited from your parents?
Sad how you and I are getting down voted for telling harsh truths. Renting inherited property is the text book example of unproductive "rent seeking" behavior.
$75/hour of GDP is _average_. Per-person GDP follows power law, which means that given the average, _lots_ of people also produce $0.75/hour of GDP or less, and quite a lot of people produce $7500/hour.
Except to get to Bezos and Musks net worth in 20 years you need to be "producing" more like $3 million/hour. No single human is that productive and the only way to do this is by being parasitic.
If you wrote a program in one week that saved some company multiple millions of dollars per year in expenses, and you get 1% of that saving—did you steal that money? Were you being parasitic on that company? Were you not deserving of that money because it only took you one week, and you didn’t even break a sweat? Should you not have written that program? I don’t think so. I think those people were happy to pay you that money to save even more money.

I imagine that making a system that enables a billion people almost overnight delivery for most of consumer goods produced on the plant at low cost—might easily increase GDP by much more than 3 million dollars per hour.

Bezos and Musk are so rich because they own many shares of their companies. Those shares are valuable because of the labor of hundreds of thousands of people. It is these people the hundreds of billions of equity should flow to. Bezos and Musk aren't much different to feudal lords taking from their serfs.
Icon of people who claims 996 is a blessing? LOL
For his business it is