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> it’s just shuffling assets around. That's kinda what I'm saying, since the money supply is fixed. The act of selling the chair puts a greater percentage of
by jpmattia 11y ago
> it’s just shuffling assets around.
That's kinda what I'm saying, since the money supply is fixed. The act of selling the chair puts a greater percentage of the money supply in the hands of the woodworker, since the value of the wood (and other COGs + paid labor) is less than the value of the chair.
pg is declaring that "creating wealth", others are declaring that "wealth aggregation", which contributes to inequality.
But really the heart of the matter is: How is wealth measured? Because if you do it in a currency with a (relatively) fixed supply, then people who profit more than they spend are going to be wealth-inequality creators.