Billionaires, Workers, and the Exploitation Theory

Bob revisits Böhm-Bawerk’s critique of the exploitation theory of interest to answer modern claims that billionaires like Elon Musk must have “stolen” their wealth from workers who supposedly create 100 percent of a firm’s value.Related:Böhm-Bawerk’s Critique of the Exploitation Theory of Interest: Mises.org/HAP534aBöhm-Bawerk’s Karl Marx and the Close of His System: Mises.org/HAP534bPoliticians don’t build prosperity. Entrepreneurs do. Join Keith Smith, Caitlin Long, Ryan McMaken, Per Bylund, and Timothy Terrell for our first event of 2026: Mises.org/HAHCThe Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree