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Academically, this might be true, but in the real world, wealth (like most scarce things: high-quality partners, precious metals, Michelin stars) tends to be ze
by dvt 6y ago
Academically, this might be true, but in the real world, wealth (like most scarce things: high-quality partners, precious metals, Michelin stars) tends to be zero sum.
- deleted 6y ago[deleted]
- btilly 6y agoI strongly disagree. In the real world, wealth is very much not zero sum. Look around where you live, at the things that you value. How many of them were created with human effort, versus just existed in nature? Look at everything from computer you're typing on to the chair that you're sitting in to the roof over your head. EVERYTHING that was created with human effort is an example of wealth creation.
- dvt 6y ago> EVERYTHING that was created with human effort is an example of wealth creation. Without dismissing your point, I would strongly push back against effort being synonymous with wealth creation. Having grown up in post-Communist Eastern Europe, there was no virtually correlation between the two.
- btilly 6y agoExcellent point. The wealth created is not strongly correlated with the effort put out. And we've all gotten wealthier as we've moved from high effort low return activities (eg sowing fields by hand) to low effort high return activities (eg computer programming).