Hacker News new | past | comments | ask | show | jobs | submit login

We exchange value based on price discovery; but prices are determined by leverage, which is heavily tilted by pre-existing capital. One doesn't notice this at a micro-transaction level (how many shoes for how many chickens), but once one zooms out to the balance of power between labor and capital, one clearly holds all the cards ~90% of the time.



Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: