Tom Bilyeu
๐ค SpeakerAppearances Over Time
Podcast Appearances
And the answer when oversimplified is globalism.
And so because of globalism and just some modern technologies, the reality is that people at the average worker, they just don't have any negotiating power because it's like, well, if you're not going to do the job that I want you to do with the price I want you to do, I'm going to go to Bangladesh or whatever.
I'm going to outsource it.
And because of the whole like comparative advantage thing, which I still can't believe people trumpet as if it's like some brilliant statement, we end up running into a problem where you can't negotiate your wages.
And so now wages stagnate.
Prices go up because I'm money printing.
Then people come with their handout and the government realizes, oh yeah, we are doing this massive wealth transfer from you to the wealthy.
We wanna keep that going.
So when you stick your handout, even though I know that means that I'm gonna steal from you even faster, I'm gonna give you that money because it looks like I'm doing something for you.
But in reality, I'm still just doing the same wealth transfers, fucking wild.
But people do not, half of the people are not going to be capable of understanding it.
a huge percentage just don't have the time.
And then that leaves the top 10% owning 93% of the assets.
So it's one of these sort of great travesties.
But when people glom on to CEO evil because he still has negotiating power, that's when I'm like, eh, that's not a very compelling argument.
I get the bitterness because we're hardwired to hate inequality, but it's not the root of the problem.
Yeah, that's the lost domain.
Brutal.
Brutal, but that is real life once humans click over into that.
Yeah, it's rough.