Earlier quoted context omitted.
A wealth tax than caps one's inflow to something like a million a year makes a lot of sense. To all the billionaire sympathizers who worry about incentives and technological progress, this here is a perfect (and not the only) example of how intrinsic motivation can beat extrinsic motivation by a huge margin. There will always be people who value intrinsic incentives and even more so when there is a lack or limitation…
>There will always be people who value intrinsic incentives and even more so when there is a lack or limitation of extrinsic ones. Society will do well to structure itself primarily around such people. Europe has developed no new big companies in the past two decades precisely because this isn't true. The vast majority of successful companies and products are developed by people motivated by money, and if you try to…
Re: Over 97% of the 'Linux' Foundation's Budget Goes Not to Linux
#61It's always wild to me how people perceive Europe. In left-wing academia there is this term "neoliberal encasement" that discusses in detail how neoliberal capitalism isolates the economy from democracy. The EU is sort of the end stage of this idea, economic policy is detached from democratic comtrol to such a degree that member states submit their draft budgets to unelected technocrats in Brussels for approval before "voting" on it. Imagine if IMF economists were to run the economies of a continent, that's what the EU is. It's staggering how completely the opposite of valuing people's intrinsic incentives this model is, but I get where you are coming from of course everybody thinks that, it's just still wild to me how they managed that narrative so well.