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Whenever this argument is made, there seems to be this conflation of "economically good" and "x made me money." Just because you make money (or make more money)
by noobermin 8y ago
Whenever this argument is made, there seems to be this conflation of "economically good" and "x made me money." Just because you make money (or make more money) doing something doesn't mean it's a net good for society.
- crazygringo 8y agoOf course, but that's a much deeper issue. Today, we generally accept that in a free market without externalities, private profit = public good. If you disagree, you can take that up with Adam Smith and the invisible hand. ;)