[gizmo]

I'm not making an argument about fairness. It's clearly unfair. I also don't dispute that wealthy people benefit from exploitation, just like we all benefit from labor in low wage countries.

However, I do dispute that wealth extraction is the primary source of wealth for the wealthy. Just like an engineer can save 100k in monthly AWS charges with 15 minutes of optimization work a good capital allocator can transform pointless labor that produces little to no value into labor that benefits society. The optimization process is the same: the engineer saves clock cycles and the capital allocator saves labor hours.

Labor is necessary ingredient for wealth, but labor by itself produces nothing. That's why humanity has lived in mud huts for eons, despite working every waking hour.