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>Wealth isn't zero sum. It is sometimes. The profits "earned" by Wall Street are nearly always zero sum, for instance. They are not making other people richer.
by crdoconnor 10y ago
>Wealth isn't zero sum.
It is sometimes. The profits "earned" by Wall Street are nearly always zero sum, for instance. They are not making other people richer.
- WalterBright 10y agoFree market transactions are not zero-sum because each party feels they gain by making the trade (else they would not trade). Zero sum transactions are things like theft, any transaction with an unwilling party.
- koverstreet 10y agoOr fraud. Or monopolies and cartels collecting rents. https://en.wikipedia.org/wiki/Libor_scandal https://en.wikipedia.org/wiki/Libor_scandal