3 ms·
please illustrate how my example is flawed without hand waving.
by notyourday 9y ago
please illustrate how my example is flawed without hand waving.
- nivertech 9y agoIn your example you start with 4 players each having $100, but IRL there are many more players with many more dollars who can and will join this game and 4 original players will eventually willingly or unwillingly exploit them. It's like Israeli Kibbutzim[1] had a members-only Communist-like system, by exploiting outside employees and living on government subsidies. Most kibbutzim are not self-sufficient and have to employ non-kibbutz members as farm workers (or later factory workers). [1] https://en.wikipedia.org/wiki/Kibbutz https://en.wikipedia.org/wiki/Kibbutz
- notyourday 9y agomarket is a closed system.