On: What the Luddites Really Fought Against (2011)

[TeMPOraL]

> Okay, how does the other party get richer? It usually isn't because they fight against more efficient technologies.

By exploiting the poorer party in the previous round of this game. Wealth is pretty much self-perpetuating - the more you have, the easier it is for you to get even more.

[TheOtherHobbes → TeMPOraL]

And technology accelerates that process.

[themacguffinman → TeMPOraL]

> Wealth is pretty much self-perpetuating

No it isn't, it just gives you an advantage. The idea that money makes money implicitly makes the assumption that you're investing in modern technology that drives growth. You won't keep that wealth if you don't invest in technology that enriches your competitors.

[TeMPOraL → themacguffinman]

> You won't keep that wealth if you don't invest in technology that enriches your competitors.

Competitors, who are part of the rich group, not the poor group.

[themacguffinman → TeMPOraL]

Technology enriches any group that uses it, it doesn't only enrich already-rich groups.