3 ms·

We need to learn the difference between value creation and value extraction. Making money does not mean you have created value. A casino is usually more profit

by api 3y ago

We need to learn the difference between value creation and value extraction. Making money does not mean you have created value. A casino is usually more profitable than a hospital.

trealira 3y ago
The closest economic concept is rent-seeking, although I'm not sure whether casinos would be considered rent-seekers.