this post was submitted on 01 Aug 2023
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... You just described a monopoly on wealth & prosperity.
Why wouldn't a billionaire want that for themself? They invest into what they like or grows their empire or prestige whether it's cancer drugs or dick shaped rockets.
It's the same logic as a dictator.
Because by limiting access to those resources, they can't be used in ways you wouldn't expect.
Sure, you might invest in cancer research. But did you back the right horse? Soon enough? What about the person who would have engineered earlier detection if they had gone to grad school, but the resources that could have been used to provide that are tied up in your net worth?
No concentrated approach will ever have the same results as letting millions of extra people work on their millions of ideas. The chances of someone hitting on something that sticks increase dramatically with the number of people throwing shit against the wall.
They don't care about abstract "maybe new science" when the reality is they have all the power and can do whatever the fuck they want
And not caring makes them kinda dumb and short-sighted in the big picture.