Degrowth

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Discussions about degrowth and all sorts of related topics. This includes UBI, economic democracy, the economics of green technologies, enviromental legislation and many more intressting economic topics.

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MrMakabar

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UBS: More Billionaires inherited their wealth then gained it by entrepreneurship (www.ubs.com)

submitted 11 months ago by MrMakabar to c/degrowth

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Imho an intressting development in the completly wrong direction. However it shows the massive problem capitalism has, that it increases capital accumulation within a small group of people. It also is a strong argument against the idea of billionaires having earned their wealth.

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[–] andymouse 0 points 11 months ago (1 children)

Becoming a billionaire is never about skill, or 'spending time effectively'. Fast growth is also not a feat of a billionaire.

I think you are grasping for a superhero that doesn't exist.

[–] MrMakabar 3 points 11 months ago (1 children)

So it is just random chance? No skill involved no steps to take some folks just end up rich and others do not. Thank god and here I thought you have to exploit workers and be smart about that or have to cozy up to some dictator for favors with a good chance that some of your fellows might kill you. Great to here that there is no skill involved in those types of activities. Silly me.

[–] andymouse 1 points 11 months ago

That's not skill, it's networks and resources you ALREADY HAVE.

Bears shit in the forest. This is not a 'skill'. They shit in the forest because that's where they happen to be.

It's the same with billionaires, they were just born in that environment. You confuse bears shitting in the forest with a demonstration of skill.

If you place one out of context, it will shit on your carpet instead. Except then you will not consider it a 'skill' but something distasteful.