I just found this out about Michael Bloomberg: He is a "self made billionare"

[PETRUS]

95. You can stop anytime you want, of course.

But I don't always mind a meandering conversation, and the subjects we're discussing are interesting to me, so we can continue if you'd like.

Anyway... regarding the phrase "society's property institutions": I'm just making an observation that these are continually in flux, and occasionally undergo major changes. For example, a full time minimum-wage worker in the US in 1950 earned half the average national income (total national income divided by the adult population). Today, a full time minimum wage worker in the US earns around one fifth the average national income (and today's minimum wage worker is taxed more heavily than his or her 1950 counterpart). That's one example to illustrate how "society's property institutions" change, but there are many others. Capitalism was a radical departure from feudalism, to provide an example of a major change. Things will not always be the way they are now. Given the current distribution of wealth and power (both within nations and around the globe), there are significant political challenges to a more radically egalitarian program, but (I would contend) there are no economic impediments.

What socialism is, and what "works" is a major conversation, but we can have that if you want.

I don't know what you're referring to when you wrote "According to your premise, a piss little online bookseller had no prayer against the giants of that time." That's not something I asserted, directly or indirectly, nor is it something I would say. What premise are you imagining?