If Fiverr is going on about "beating the trust-fund kids", that is inadvertently exposing a severe unpatched exploit which has nothing to do with protestant work ethic.
It is currently more profitable to have very large sums of capital itself (and invest this in other capital, financial instruments etc), than to work, no matter how hard you work.
As such you have to work even harder than that or drop out of the game entirely. Systemically, the correct winning strategy is already to have huge sums of capital. I'm not sure if there's a half-measures strategy for starting with only a little capital: perhaps it's primarily luck, as it is for most/all big investors?
But there's certainly no strategy for beginning with only sweat equity and having that turn efficiently into capital, so the 'protestant work ethic' is a mighty sad and inappropriate thing to have right now. I think the combination of this ethic and huge capital holdings is largely a thing of the past, and can hold people back from larger wealth because they're looking for ways to expand that involve work, and this competes against more efficient, purer capital strategies based around pure capital manipulation (which is strongly incentivised, for instance with tax incentives).
>It is currently more profitable to have very large sums of capital itself (and invest this in other capital, financial instruments etc), than to work, no matter how hard you work.
Currently?
And why would "how hard you work" play any role?
A surgeon doing 20 hour shifts gets way untold times less money than e.g. Tim Cook or some absentee CEO -- as their pay, not as their returns from capital investments.
And let's not compare a miner who risks their life (and lungs) underground with some cushy executive.
It is currently more profitable to have very large sums of capital itself (and invest this in other capital, financial instruments etc), than to work, no matter how hard you work.
As such you have to work even harder than that or drop out of the game entirely. Systemically, the correct winning strategy is already to have huge sums of capital. I'm not sure if there's a half-measures strategy for starting with only a little capital: perhaps it's primarily luck, as it is for most/all big investors?
But there's certainly no strategy for beginning with only sweat equity and having that turn efficiently into capital, so the 'protestant work ethic' is a mighty sad and inappropriate thing to have right now. I think the combination of this ethic and huge capital holdings is largely a thing of the past, and can hold people back from larger wealth because they're looking for ways to expand that involve work, and this competes against more efficient, purer capital strategies based around pure capital manipulation (which is strongly incentivised, for instance with tax incentives).