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#386 – Marc Andreessen: Future of the Internet, Technology, and AI
Lex Fridman Podcast
Marx Was Wrong: Transmuting Labor into Capital
Software is akin to the philosopher stone of alchemy, turning labor into capital, challenging Karl Marx's theories. Unlike industrial machinery, software creates everlasting capital assets from human thought, continuously gaining value over decades. Today, software assets like Minecraft, Facebook, and Salesforce.com thrive for years, attracting constant investment due to their potential to generate value for generations. The global online presence empowers software to reach vast markets, a concept inconceivable in Marx's era when machinery exploited labor. This unprecedented transformation has reshaped the economic landscape, illustrating the everlasting value creation potential of software assets.
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