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> Why shouldn’t creating that much value in the world result in the owners collectively benefiting? It's an inefficient allocation of resources, since wealth b
by kevinwang 4y ago
> Why shouldn’t creating that much value in the world result in the owners collectively benefiting?
It's an inefficient allocation of resources, since wealth brings marginally decreasing utility.
- notch656a 4y ago>wealth brings marginally decreasing utility. If it is consumed, then sure. If it is invested by a wise rich person who can manage and grow businesses, then his employees/customers/investors/partners (and perhaps even their own trade partners) may well reach much more utility from the fruits of that wealth than the utility realized if the wealth ended up in less productive hands.