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by deciplex 4016 days ago
> the average person values money for what it can do for them, while billionaires and large companies value money as a scorecard

I don't think you're right about billionaires and large companies, actually, but at any rate: the complaint here is not that massive, nearly record-setting levels of wealth disparity are unfair, or even that people are unhappy. If everyone is materially taken care of, it can be difficult to talk about fairness or happiness. What we're losing out on isn't fairness but self-determination - a democracy can't survive long if a fraction of a percent of the population controls half the wealth. Wealth may not literally equal power, but there is an exchange rate there and it stays pretty stable over time. If a concentration of wealth leads to a concentration of power, that will undermine a democracy which can only work if power is relatively more diffuse. We may be finding out the hard way that capitalism and democracy are not compatible, and if they aren't then so far capitalism appears to be winning.