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The economy is not a zero sum game. With a different distribution of resources people can have greater access to education, to work, better health, and a more e
by gnopgnip 4y ago
The economy is not a zero sum game. With a different distribution of resources people can have greater access to education, to work, better health, and a more efficient economy overall.
Are you familiar with the brainteaser use to illustrate the velocity of money? "A rich tourist comes to town. He enters the only hotel, lays a 100 dollar bill on the reception counter..."
- endisneigh 4y agoRelative standing between individuals is zero sum.
- turtledove 4y agoThankfully, no one living today exists in systems of two individuals. We all live in complex societies with multiple systems that can, and do, move beyond just zero sum addition.
- endisneigh 4y agoEven in a complex society relative standing is still zero-sum.
- kwhitefoot 4y agoOnly if you have perfect information. And for the people for whom equality of opportunity really matters the standing of those near the top is, at least at the start, unassailable.
- endisneigh 4y agoIt has nothing to do with information, it's simply logic. You have a line of 5 people waiting for a cashier. There's no magic. Moving someone else to the front will result in someone else having to wait. Zero sum.