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It's remarkable that even on HN so many people believe that economics is a zero sum game.
by sien 1y ago
It's remarkable that even on HN so many people believe that economics is a zero sum game.
- wqaatwt 1y agoIt obviously to a non-insignificant extent. Only the proportion is debatable.
- 20after4 1y agoSome items absolutely are zero sum - anything that is in short supply with a high demand becomes unobtainable for anyone who isn't rich. Some things that are effectively out of reach for at least half of everyone: Mansions and Luxury Condos in desirable locations Private Jet Private Island The best quality food 2021 Ferrari 812 GTS The best legal advice A favor from a US Senator These things are effectively zero-sum, only a limited number of people can have them and we can't expand the supply very much (or intentionally don't because that would hurt their exclusivity value).