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About this quote

What does it mean?
Wealth concentration can look like injustice to outsiders, but in software, top talent often produces most value.
In plain terms
Rich people owning most wealth seems unfair, but good programmers write most good software.
What can you take from it?
Inequalities may reflect productivity differences rather than injustice.

Where it applies

  • policy debates
  • tech industry
  • economics

Putting it to work

  • measure output not inputs
  • analyze value creation
  • consider distribution models

Questions to consider

  • Is unequal output always unfair?
  • How do we measure value?

Another view

Productivity does not justify all forms of wealth inequality.

More from Paul Graham

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