descriptive claim
Andreessen, citing economist William Nordhaus, asserts that creators of new technology capture only about 2% of the economic value their technology creates, with the remaining ~98% flowing to society as social surplus --- framed as a 50:1 philanthropic ratio inherent to market-based technological innovation.
desc_andreessen_nordhaus_2pct_capture
confidence 0.70
Evidence (1)
supports (1)
- The Techno-Optimist Manifesto expert_estimateweight0.60
locator: Section: The Techno-Capital Machine
“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.”