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Not at all. Even Adam Smith thought the market needed to be regulated. Any time you see a concentration of wealth you will see negative effects for those without concentrated wealth. Unfortunately, the entire study of economics is one long riff of "don't hate the playa hate the game." And the whole discussion here is that productivity is a really poor metric to judge quality of life by. Those on the side of the worker are going to rally behind this and try and get more of the proletariat to vote. Those on the side of the owner are going to shovel money into campaigning so that the proletariat gets kept in its place. And that, my friend, is politics.