Summary:
I don't believe in intellectual property... I don't believe in compound interest... Nobody believes in the lump-of-labor fallacy. Mr. Nadella is engaging in a game of projection and disavowal that is as old as capitalism. He is affirming the reality of an event that only happens in the imagination -- the production of something out of nothing. To perform this usurious hat trick, one must assume something one knows is not true -- that money is fertile. The attribution of a bogus "fallacy" to others is a device for distracting attention from the deception involved in simultaneously fetishizing and disavowing the "productivity" of a mere formal claim to entitlement.
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I don't believe in intellectual property... I don't believe in compound interest...I don't believe in intellectual property... I don't believe in compound interest... Nobody believes in the lump-of-labor fallacy. Mr. Nadella is engaging in a game of projection and disavowal that is as old as capitalism. He is affirming the reality of an event that only happens in the imagination -- the production of something out of nothing. To perform this usurious hat trick, one must assume something one knows is not true -- that money is fertile. The attribution of a bogus "fallacy" to others is a device for distracting attention from the deception involved in simultaneously fetishizing and disavowing the "productivity" of a mere formal claim to entitlement.
Topics:
Sandwichman considers the following as important:
This could be interesting, too:
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Robert Vienneau writes Profits Not Explained By Merit, Increased Risk, Increased Ability To Compete, Etc.
