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Billionaires, Workers, and the Exploitation Theory
Episode 534

Billionaires, Workers, and the Exploitation Theory

The Human Action Podcast · Mises Institute

January 18, 2026

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Show Notes

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.

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Topics

CapitalismHistory of the Austrian School of EconomicsLabor and Wages