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How is it an equalising force if the commodity is sold at "market value"? This will just lead to more wealth concentration, no?
by antonly 7mo ago
How is it an equalising force if the commodity is sold at "market value"? This will just lead to more wealth concentration, no?
- simianwords 7mo agoyou are conflating equity and equality. its equalising in the sense that it democratises access to data, knowledge. but that does not mean it will end up with everyone being equal in terms of wealth.
- antonly 7mo agoBut it won't even do that. In the pursuit of extracting maximal capital, better models with "better" knowledge will be gated behind higher prices. If you pay more, you get more.