node created 2019/09/29
The numbers in a billionaire's net worth include no contextual information - nothing about the lives damaged, the jobs lost, the opportunities eliminated, the time wasted, the scamming, cheating, and manipulation, the ecological support structures destroyed.

Business and personal accounting systems deny, ignore, and suppress those contextual details. So does the "investment" industry. And that makes a mockery of "price discovery" because the nominal market price always excludes critical externalities.

It's possible to become extremely rich without negative externalities. It just happens to be incredibly difficult. The looser your ethics, and the less empathy you have for competitors and victims, the easier it gets. It's a feedback loop which rewards unethical behaviour.

Essentially, money itself is a form of morality-laundering. It's an integer when it should be a complete trace through a common contextual event map.
In capitalist society individuals are controlled by a pitiless law usually beyond their comprehension. The alienated human specimen is tied to society as a whole by an invisible umbilical cord: the law of value. This law acts upon all aspects of one's life, shaping its course and destiny. The laws of capitalism, which are blind and are invisible to ordinary people, act upon the individual without he or she being aware of it. One sees only the vastness of a seemingly infinite horizon ahead. That is how it is painted by capitalist propagandists who purport to draw a lesson from the example of Rockefeller — whether or not it is true — about the possibilities of individual success. The amount of poverty and suffering required for a Rockefeller to emerge, and the amount of depravity entailed in the accumulation of a fortune of such magnitude, are left out of the picture, and it is not always possible for the popular forces to expose this clearly. (A discussion of how the workers in the imperialist countries gradually lose the spirit of working-class internationalism due to a certain degree of complicity in the exploitation of the dependent countries, and how this at the same time weakens the combativity of the masses in the imperialist countries, would be appropriate here, but that is a theme that goes beyond the scope of these notes.)

In any case, the road to success is portrayed as beset with perils — perils that, it would seem, an individual with the proper qualities can overcome to attain the goal. The reward is seen in the distance; the way is lonely. Furthermore, it is a contest among wolves. One can win only at the cost of the failure of others.