re: The Structure of Capitalism...

quote:

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Who pays to build the means of production?

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I know right? Does this guy realize that most business owners don't even get to pay themselves the first few years of operating a business? Again, he doesn't understand things like cost of goods sold, the difference between revenue and profit, or many companies operate at a loss before they ever make a profit.

In the tech industry most of the money is new money. Those billionaires gave people like me and thousands of many others opportunity. Sure I may not care for the politics of people like Gates or Bezos but their companies hire and pay well. As a result, I found a something that works for me as well as many others have. There's a reason why there are people who interview for FAANG (Facebook, Apple, Amazon, Netflix, Google) companies and why their interview process are well known. There's already a cottage industry created around this with former HR and career coaches selling services to help new graduates ace these interviews. Look at that, capitalism at work.

My last employer, a software company, had 100% health coverage. No deductibles, no co-pays, not even a monthly premium. Why did the company do that? Because they want to hire the best and keep the best.

I'm just a guy who was a nerdy kid from some podunk town in Louisiana that lives significantly better at my age than my father ever did. As a result, my son can have better opportunities than I had at his age. Capitalism did that.