@akhilrao prosperity, though, can be shared quite directly. "obsolescence rents" can only be extracted by people with bargaining power because forseeable obsolescence makes new entrants scarce, and that's fine as far as it goes. but there should be other measures of social value than bargaining power in private labor markets, and we should use the state to pay socially productive people whose productivity lacks a business model or scarce factor to deploy for bargaining. 2/