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Economic growth is non zero sum. Everyone can get richer at the same time as available capital increases or workers become more productive due to greater human
by barry-cotter 7y ago
Economic growth is non zero sum. Everyone can get richer at the same time as available capital increases or workers become more productive due to greater human capital. Stocks are giving a company money to invest in return for a share of future profits. VC and bonds are lending money to companies to invest for a future payment. Those companies are investing in productive capital assets or in making their workers more productive. Not zero sum.
- new2628 7y agoIt's not zero sum, it is negative sum: it comes at the cost of using up non-renewable resources and destroying the environment.
- Dylan16807 7y agoYou can invest in companies that are building/using renewable energy and/or helping the environment.
- new2628 7y agoI used to think this, but in the past few decades I became convinced that only reduction in economic activity will help the environment.
- Dylan16807 7y agoSurely either replacing a coal plant with a nuclear one, or capturing the concentrated carbon dioxide right out of the smokestack, would help the environment with no reduction in economic activity.