Comment by sokoloff
7 hours ago
Pick any of those 8 billion. Have them work half as hard. Have them have half as much talent. Do their outcomes remain the same , get better, or get worse?
You’re arguing that there are other factors that also influence outcomes (and that those other factors are stronger forces).
I agree with that point, but that’s not a refutation to the notion that the coefficients on talent and hard work are positive, nor a convincing argument that success is unrelated to those two factors.
Can anyone benefit from working 10% harder or smarter? Undoubtedly. But success isn’t linear. It’s clear from the zeitgeist that the ultra-rich and powerful—past or present—aren’t working a million percent harder or smarter; their positions are more accurately explained by structural advantages. The first million might be 95% hard work and talent. The next million, probably a bit less so.
> It’s clear from the zeitgeist that the ultra-rich and powerful—past or present—aren’t working a million percent harder or smarter; their positions are more accurately explained by structural advantages.
Millions of people had an equal or better starting condition than Mark Zuckerberg so we aren't really lacking privileged people, but vanishingly few of those do become ultra wealthy.
I'm not going to get into the role of luck, but more curious -- how many ultra-rich individuals do you think can exist on the planet earth?
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