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Comment by flyinglizard

I think that's a simplistic view. Most rich people became rich because they provided a particular value to society. This value is exchanged for money, which allows the rich to draw back this value as they see fit.

Lets imagine that Steve Jobs, instead of getting paid for his iPhones, sold them in exchange for a person's time. The average hourly wage in USA is approximately $24, meaning an iPhone would retail for about 25 hours. You can choose not to buy an iPhone, in which case you are free, or you choose to draw this value offered by Steve Jobs, but then you'd owe him 25 hours of work. The exchange is still completely voluntary, and therefore can't constitute domination.

parent flyinglizard 13 years ago

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