The economist William Nordhaus has shown that creators of technology are only able to capture about 2% of the economic value created by that technology.

The other 98% flows through to society in the form of what economists call social surplus. ***Technological innovation in a market system is inherently philanthropic***, by a 50:1 ratio.

Who gets more value from a new technology, the single company that makes it, or the millions or billions of people who use it to improve their lives? 

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