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corporate greed $
(lemmy.ml)
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this post was submitted on 27 May 2025
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So anyways, the rich got rich through exploitation of people. This comment leans towards the lies right wingers teach their children that Bill Gates eats homemade sandwiches and wears cheap sweatpants, therefore learn to scrimp and save, implying you'll be rich.
Absolute morons.
It implies literally the opposite, the rich literally buy more expensive products, and further is about a fantasy medieval society going through the beginnings of the Enlightenment and Industrial Revolution.
This particular phenomena has been noted in more detail as a fact of economics, IE it's expensive to be poor, because the poor don't choose low quality products they have to buy them because they can't afford the larger upfront cost.
https://en.m.wikipedia.org/wiki/Boots_theory
That depends a bit on the situation, I have seen some people from rich companies who learned things like in the quote from Sir Terry Pratchett, aka the cheapest is not always the best option.
Some people also got rich in the first place because they either studied hard and got to be a specialist earning hundreds of thousands a year for their job and others just came with the right invention in the right time, and we overpaid for it. You see that especially in tech where the costs where generally pretty low (especially bookkeeping wise since the original owner's hours are generally not added in the bookkeeping) and they sold it for a lot.
Its worth making the distinction between the 'rich' and the 'super-rich'. The top 10% (in terms of wealth) own 70% of all US wealth, but then the top 1% owns half of that! So, relatively speaking, the 'rich' are poor compared to the 'super-rich'. No one makes it to that 1% without exploiting fellow human beings. Numbers source: Capital in the 21st Century - Thomas Piketty.