Comment by nosianu
> over the past two decades basically all of the successful entrepreneurs and business owners I know
This very much sounds like survivorship bias to me.
But more importantly, I think the discussion is going off the track. The important ones are the 0.1%, not the 1% or 10%. The "normal" millionaire business owner usually actually worked for it (unless they are pure finance or something similar). They are also not the ones shifting a whole country's politics with their enormous influence. They don't have any over-inflated influence over anything. They are not the problem.
But they also don't serve as examples for the masses, because that would be confusing "anyone can do this" with "everyone can do this" - their successes don't scale. You can only have that many successful businesspeople and entrepreneurs, the majority must be their worker bees by necessity.
I see such discussions as distractions. If you talk about normal entrepreneurship you will not get to the core of our problems, not at the very top (the super rich), not at the bottom (why are so many so poor).
If you want to come up with an idea that works at scale you can't use one that only works for some no matter what. If you want to come up with a solution for the enormous imbalances looking at those normal entrepreneurs does not help either.
I suggest to develop an instinct to use in these kinds of discussions: For every concrete example, imagine it at scale. Thinking at individual examples when you talk about big things is a mismatch. Those examples are only useful if you use them to extrapolate upwards, what would actually happen if everybody did this?
If the most important factor in survivorship is number of chances you can take; and the number of chances is proportional to how much wealth you have; then the survivorship bias should go the other way. Otherwise it’s overwhelmed by something else, perhaps the sheer ratio of the differing populations.