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> You write as if markets are a zero sum game, however they are most certainly not. People who say this are only ever looking at the node level, not the networ
by orthecreedence 7y ago
> You write as if markets are a zero sum game, however they are most certainly not.
People who say this are only ever looking at the node level, not the network level. Sure, new wealth is added to the network, but at a miniscule trickle compared to the everyday activities of the economic network.
"Wealth is not zero sum" essentially, if taken to its logical conclusion, means "everyone can be a billionaire!" No, they cannot.
- oDot 7y agoI have supplied a very specific example demonstrating this. "Not a zero sum game" means "both parties profit". That profit may not be money, therefore does not imply anything about billionaires.