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In some cases they actually do destroy wealth in the process of redistributing it. For any startup that subsidizes its products below its costs it is possible
by TheCoelacanth 9y ago
In some cases they actually do destroy wealth in the process of redistributing it.
For any startup that subsidizes its products below its costs it is possible for it to destroy value. If they produce something for $10 dollars then sell it for $8 to someone who derives $9 of value out of it, then they have transferred $1 of wealth to their customer and have destroyed $1 of wealth.