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Originally Posted by MelBridgeman
Ok it's not black and white, CEO is the bigger generator of wealth based on the decisions they make, the empoyees for the most part execute on those decisions and usually generate wealth for themselves, and their impact on overall wealth is minimal.
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If everyone who isn't a billionaire suddenly vanished from existence, and only billionaires were left, they'd quickly learn just how much wealth creation they're actually capable of. Answer: pretty close to zlich. Turns out it's pretty hard to take credit for "creating trillions in wealth" when there aren't hard working people for you to make money off the backs of.
Conversely, if all billionaires suddenly vanished and everyone else was still here, society would more or less continue on without much disruption.
(...well, maybe except for Taylor Swift. Society still needs her.)
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Agreed. The number 1 impediment to competition? The Goverment. Yes competition creates winners and losers, anything else creates just losers.
Now you're on the trolley, see my point about the Goverment being in the way of competition.
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You completely missed what I meant by competition. I meant companies on more or less equal footing competing for customers, not companies competing to put each other out of business.
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Dont know that and evidence points to that isn't true.
1. We are or where in a revolution - Tech
2. Tech works at scale i.e. How many computers around the world use Windows. You can see how that will generate massive wealth.
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If Windows didn't exist, computers would run on something else. Something akin to Windows would have emerged at some point even if Gates never created Windows.
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3. This amount of wealth wasn't being generated prior, look at the historical trend of the stock market as a simple example, it's only gone up over time. If there wasn't a tech revolution or something similar that may not of happened.
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Again the tech revolution is largely due to hard working people in Silicon Valley and other places (and of course ultra-low-cost physical labor in Asia). Musk and Besos wouldn't have got anything off the ground without the people working for their companies. And when you look at everything that their companies have to offer, how can you know that some other companies would not have provided these or similar products & services if these 2 men had never burst onto the scene?