Episode
Billionaires, Workers, and the Exploitation Theory
- Podcast
- The Human Action Podcast
- Published
- Jan 18, 2026
- Processing state
not_requested
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Summary
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/HAP534a Böhm-Bawerk’s Karl Marx and the Close of His System: Mises.org/HAP534b Politicians 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/HAHC The Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree