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It's not a zero sum system. There are capital inflows. Who loses are people who voluntarily sell. They think they're making a good decision, so does the counte
by friend_and_foe 3y ago
It's not a zero sum system. There are capital inflows.
Who loses are people who voluntarily sell. They think they're making a good decision, so does the counterparty, and only time will tell. Every deal you make with someone is both of you doing something you perceive as in your best interest. Speculative investment particularly is a high risk game. Often, it is a good decision on both parts, because peoples needs differ.
- JumpCrisscross 3y ago> It's not a zero sum system. There are capital inflows It's still zero sum from a dollars in / dollars out perspective. Delayed consequences doesn't make a zero-sum game positive sum. (And to be clear, all money systems are zero sum if we ignore transaction costs without accounting for their economies.)
- friend_and_foe 3y agoBy that logic everything is zero sum. The number of living organisms started at 0 and will end at 0. In the meantime we have entropy to generate...