"Don't confuse a net loss of wealth with wealth not being created. If everybody got an equal portion of total wealth, then monopolies and spammers would be bad,

"Don't confuse a net loss of wealth with wealth not being created. If everybody got an equal portion of total wealth, then monopolies and spammers would be bad, but since somebody wins (even though there are more losers), wealth is technically created." I must have read wrong. You're saying spammers are not quite bad?... "A better scenario is the "creative destruction" when one industry is displaced but society overall benefits, i.e. cars over horses, Wikipedia over Encarta over Britannica, etc." The new industry replaces the old one because it creates more value than the old one, no? I think car factories create more value than stables... Also, in the monopoly case it's a company that hampers global progress to protect its own interests. I like to seek win-win scenarios so that doesn't resonate well with me.