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jkaufman comments on Debate between 80,000 hours and a socialist - Less Wrong
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From the source:
Mills doesn't argue against replaceability, he says that he can't accept replaceability because it implies there will always be bankers and exploitation.
His actual quote is saying that replaceability goes away if the whole system can be changed. Your original paraphrase makes it sound like he has an ideological precommitment to the idea that if you don't become a banker, nobody else will.
Ok; I'll replace the paraphrase with the quote.