Some tech founders are getting huge pay packages
What we have now is essentially feudalism except instead of titles (king, queen, prince, duke, earl, knight, bishop, ...) everyone is assigned some numbers (net worth, salary). The numbers of lower ranking people are decided by higher ranking people and can be overruled only by even higher ranking people. Instead of rank being determined based on proximity to the king, it is determined based on proximity to politicians and the money printers.<p>All narratives about the self-made founder are complete BS. There is no meritocracy at all. That&#x27;s why privilege is such a big topic nowadays except where the narrative is wrong is that it&#x27;s not only about race. It&#x27;s about proximity to the politicians and the money printers. Proximity to the centers of power is the only thing that counts. Successful entrepreneurs are not value creators, they are not contributors to society, they&#x27;re just glorified courtesans whom, with the approval of their masters, are granted bigger numbers in exchange for loyalty and compliance. Value creation is a thing of the past. It does not get rewarded anymore.<p>The entrepreneur of 50 years ago has nothing to do with the modern entrepreneur. They are completely different. The system we have today is feudalism but it markets itself as capitalism in order to onboard people.<p>There is no free market. Central banks and their courtesans pump money into the system to decide all the prices from the top down. They can point the printer in any direction and that&#x27;s where the entire global economy will go.