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The Productivity Paradox: Why Technology Makes the Economy More Efficient But Most People No Richer
(www.fullstackpm.tech)
Greed. Full stop
this post was submitted on 15 Mar 2026
260 points (96.1% liked)
Technology
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People have always been greedy. The difference is systems to encourage people to be useful to others so that greedy people have to provide something good to make more money
Good: legal systems that uphold contracts
Bad: regulatory capture where corps make money without doing anything useful
Didn't read the article yet.
I have a good friend who is homeless and begs for money. He says his life is much better than the life of the richest people of just a few centuries ago.
That's not even true, even when accounting for the advance in technology, because your friend is likely dirt poor.
There are still lots of people much better off financially than your friend who work to keep wages low, work benefits low, and prices high. A daydream about the past doesn't matter, because his and 90% of people's material conditions are shit, and this financial and class oppression is what matters, not what fancy technology we have that makes us think we're "kings".
Food is very cheap and available everywhere. Clothing is basically free, and clothes are now easily high quality.
his and 90% of people's material conditions are shit
Other people is richer than you does not mean your conditions are bad.