The argument of the "pie fallacy" is itself a fallacy. The rate of capital generation compared to the rate of capital transfer is actually quite small. Apple

The argument of the "pie fallacy" is itself a fallacy. The rate of capital generation compared to the rate of capital transfer is actually quite small. Apple didn't pull its $200+B cash reserves out of thin air purely by creating value: it obtained them through capital transfer from its customers. Sure they created some value along the way, but that doesn't change the primary source of their money. Not only that, but an individual's ability to generate new capital is proportional to that person's existing capital stores. Therefore it is completely accurate to idealize the economy for the bottom 90% of citizens as existing in a zero sum state.