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Do we need billionaires?

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Re: Do we need billionaires?

#7
> risk-takers who are badly needed

But at what point does marginal private incentive stop helping innovation and start damaging democracy? For sure risk-taking deserves reward but the size of the reward matters

Re: Do we need billionaires?

#8
post #4

We need intensely ambitious and competitive people. We shouldn't use money to keep score.

In the times of metacrisis and power concentrated in the hands of few who actively try to fry the world I think what we need is the exact opposite of that.

That is what we've had mostly for the last fifty years and look where it has gotten us? And US. I'm not from US

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