4 ms·
Well that's not true though, really...Candy Crush is worth $7 billion because that's roughly the amount of money the market is willing to send Candy Crush. That
by tmercer 11y ago
Well that's not true though, really...Candy Crush is worth $7 billion because that's roughly the amount of money the market is willing to send Candy Crush. That's more or the less the definition of societal value - what society values something at. In this case, it values it at $7 billion.
But that's a distraction. The broader point is that these views aren't mutually incompatible. In the essay PG says it's fine to combat poverty at the expense of wealth - aka higher taxation and de facto wealth redistribution - but attacking income inequality is impossible in a society that allows people to create solutions to problems that lots of people have, because that transfer of value, again by definition, will create income inequality.