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The flawed thinking that wealth is a pie of fixed size wherein gain by one is necessarily another’s loss is known as mercantilism and was long ago discredited a
by gbacon 9y ago
The flawed thinking that wealth is a pie of fixed size wherein gain by one is necessarily another’s loss is known as mercantilism and was long ago discredited as bunk economics.
- justicezyx 9y agoOr it was what they want you to believe.
- ataturk 9y agoI think the matter is well documented. Wealth is not a zero-sum game. However--you have countries that deliberately hold people down. Everyone wants safety nets and such. That all has a huge effect on individual upward mobility.
- justicezyx 9y agoWealth might not be a zeronsum game, but we need to prevent someone to play it as such. Imagine an economy where wealth is accumulated more and more to a few, then even the total wealth grows, how everyone enjoy them equally? If not equally, the inequality soon will make wealth zero sum anyway.