I completely agree that there is a ruling class, and that they extract an obscene amount of rent just because they can. I also happen to think they create a ton of value. I just don't believe that justifies them making us 'human capital'.
Pretty please.
Don't forget you're on a site owned by wealthy people whose day job is giving money to other people to bootstrap their companies. You don't get much more creating value than that.
To add a little meat to this vampire of a political exchange. Nobody is interested in the usual defense mechanisms.. lets open the hard shell and look at the heart. And here it is:
"I know you are right, but i have just so much invested into the current system, and can with my family at debt-gunpoint mount no enthusiasm as i could once when i was a tweenager. Why should i throw my hat in a ring, who as history shows often tramples hats and wearers on both sides? And how many couch revolutionary's are there, who wave the banner on the internet, but would throw a fit, if somebody would occupy their parking lot in real life. "
- more and more capital is being tied up in parasitic activity (encouraged by monetary and fiscal policies), instead of being invested in startups, infrastructure, etc.
- all profits/capital gains are distributed to capital holders (out of proportion)
Don't get me wrong, I'm probably more anti bank than the average HNer, but this particular criticism is nonsense.
Maybe just as many or more people are being employed just not in the U.S., and the pays of the people working overseas are lower relative to U.S. wages, but higher relative to the wages offered in the location of that persons job?
I feel like people are looking at the U.S. exclusively but in reality since the 90s we have to consider the other countries on this planet, as an average to normal way of utilizing job allocation resourcing as opposed to it just being large corporations that do this like in the 90s.
I'm not saying this method is overall good or stating opinions or whether i think its "right" or "wrong" as opposed to economics and how things have always worked , but it is a fact thats happening. Theres 400,000 people in China who have Engineering degrees or otherwise niche technical skill that are unemployed, and another 400k in the pipeline in Asia that are 12 yrs old taking Calculus and becoming trilingual.
I always wonder why we don't wonder why the average highschool student in the average city in the U.S. is less valuable than the average highschool student in the average city in Asia or India, instead of assuming the only reason we don't have the jobs we feel entitled to is because rich people are taking it away from us, when in reality theres really qualified hardworking people all around the world who would benefit from a fraction of the pay provided by jobs we had previous relative to the current living conditions.
The current living conditions being 400k unemployed Engineers and tech/manufactoring workers in Asia.
outside of simply being American, why are we entitled to jobs more than them, if theres a limited amount of jobs, and they are willing to do it for less because its better than Having a Masters Degree in Engineering and being homeless?
That others couldn't?
You don't need to be ruling or vampire to create value. Just to be innovative.
not
"We need exploitative rulers in order to create that value"