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That's like exactly the opposite of how economy works. Taking a great firm and reducing it to zero destroys value. Building a great firm from zero creates it.
by alexey-salmin 2y ago
That's like exactly the opposite of how economy works. Taking a great firm and reducing it to zero destroys value. Building a great firm from zero creates it.
I personally believe that the failure to understand this is the reason why the political left is so bad at building economies when given a chance. Being obsessed with the fair distribution of value, they overlook the creation and preservation aspect. In the end there's nothing to distribute.