Another factor should not be overlooked. Money is a way that people keep score of their own standing. Supposedly, Larry Ellison is pained because Bill Gates has more money, which might explain the bloated salary that Ellison "earns."
On Thu, Apr 17, 2014 at 11:06 PM, <[email protected]> wrote: > "Jean-Christophe Helary" <[email protected]> wrote: > > > On Apr 18, 2014, at 6:07, raghu <[email protected]> wrote: > > > > I submit to you that people want to get rich not to be freed from > coercion, but to > > > be able to *exercise* coercive power over their fellow men and women. > > > Maybe that's too strong... Or we need to define what means "getting > rich". > > Capital has a mind of its own and it doesn't need capitalists even though > they are good at plotting to enrich themselves. > > Unfortunately, capital doesn't try to maximize the welfare of society. > > -- > Ron > > > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l > > -- Michael Perelman Economics Department California State University Chico, CA 95929 530 898 5321 fax 530 898 5901 http://michaelperelman.wordpress.com
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