Source: Adam Smith Institute
by Madsen Pirie
“What does Jeff Bezos add to my life? And Elon Musk? and Mark Zuckerberg? and Steve Jobs? and Jimmy Wales? Jeff Bezos gave me the everything store. … Elon Musk made electric cars desirable rather than dutiful. … Mark Zuckerberg gave me free tools to keep in touch with almost anyone I’ve ever met. … Steve Jobs put a powerful computer in my pocket and made it simple enough for a child or a grandparent. … Jimmy Wales gave me the largest encyclopedia in history, free, ad-free, and in hundreds of languages. … The striking point is how little of this value the founders keep. The economist William Nordhaus estimated that innovators capture only around two percent of the social value their innovations create.” (10/28/260
https://www.adamsmith.org/blog/what-have-the-tech-giants-ever-done-for-us