Taylor
Community Leader
- Moderator
- #526
Where is the top of that curve?
When one person owns everything and can make the rest of the world build an incredible super-car never before imagined, and that only he can afford, does the world become a paradise?
As long as those people developing and facilitating the production are capable of charging an amount that supports a lifestyle in line with their skills then it's fine. If the people are forced to accept being paid nothing or all being paid the same so the few can benefit - then it's a problem. As long as the benefits developed out of that process can be enjoyed by all, it's good. Let's say a billionaire is trying to land humans on other rocks orbiting Sol, with significant engineering and other scientific hurdles that need inventions for the project to work. If that process leads to the development of solar panels that are 50% efficient the world enjoys that benefit.
The default status of humanity is that almost everyone is broke, broke being devoid of surplus resources with which they can commit time to develop improvements with very few people able to spend time away from surviving until tomorrow. Taking a look back through history many of the scientific minds and inventors were quite well to do people exploring curiosity with the benefit of wealth behind them to support that.
... most people today in Australia, almost all, live more luxurious lives than those people.
Demand is the motivator for supply for luxury items but the other side of that coin is that most people won't ever know what they are missing out on if you remove the wealthy people from the economy. They won't see the cars, the jewelry, the fashion. They won't know better... at least until they see the internet.
Which is why I think so many people now can be fabulously rich on a scale of humanity at this very moment and obscenely wealthy compared to all human life ever - and still feel poor.