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No, wealth isn't created at the top. It is merely devoured there
Newspaper | The Guardian
Date | 30.5.2017
Language | English
Country | UK
Topic Tags | politics, social media, threat
Summary | The new rising technology firms like Facebook, Airbnb, and Uber are the new class of rentiers. The do not create anything new, they claim control over goods and services and cash in on transactions made on the platform they provide. That is all they do: provide a platform. It is only profitable because people willingly share content and offer their services on these sites. But these firms also have not invented the technology (internet, computer devices, etc.): that technology was developed with the tax payer's money. So technically they are just selling and reselling already existing goods - like a rentier.
Image Description | Getty image of a protester, an iPhone, the Facebook campus, a bunch of bank signs, and a Mexcan capitalist.
Image Tags | female(s), male(s), smartphone, text
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