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This is hand-wavy and assumes that investment in business is zero-sum. It's not, because our economy works on wealth creation not wealth extraction. The existen
by twblalock 4y ago
This is hand-wavy and assumes that investment in business is zero-sum. It's not, because our economy works on wealth creation not wealth extraction. The existence of Uber is not preventing anyone from investing in other things.
- yamtaddle 4y agoI don't see how the post assumes that investment is zero-sum; to me it reads, rather, as assuming that capital isn't unlimited, which isn't the same thing. > It's not, because our economy works on wealth creation not wealth extraction. This can be true of the economy overall, but false of particular actors or actions within the economy, as in the case of rent-seeking, for example.