The sad thing here is that it is indicative of how extremely wealthy people often get that way. The system should reward innovation, hard work etc, but instead it is skewed towards gambling, system-gaming, rent-seeking and so-on.
The sad thing here is that it is indicative of how extremely wealthy people often get that way. The system should reward innovation, hard work etc, but instead it is skewed towards gambling, system-gaming, rent-seeking and so-on.
100 people work hard. 10 of them are lucky and see the benefits. 90 of them aren't lucky and don't see the benefits
Everyone looks at the 10 who are lucky, and they say "The key to success is to work hard". Classic survivorship bias.
Also, you gave the impression that the other 90 are losers because they work hard. Life is not an extreme. They may not become as rich, but they aren't poor either, and they maybe lucky in other metrics. They aren't loser.
Those holding down two jobs and doing 80 hours/week of non-stop work on their feet filling amazon deliveries or cooking burgers or picking fruit for minimum wage know what working hard is. I doubt anyone ever became independently wealthy through hard work.
Is it right our society is set up to reward luck above all else?
That's just bollocks. The system rewards innovation, not just that consistently and probably not that much. And people in all income classes behave the same way.
Nasdaq has several exchanges and clearing houses. This was only the found for Nasdaq OMX Commodities Europe[0]. A found only used for financial energy market for Norway, Denmark, Sweden and Finland.
0: https://en.wikipedia.org/wiki/NASDAQ_OMX_Commodities_Europe