The way I think of it is the difference between financial wealth and real wealth. No new real wealth can be created but financial wealth may transfer from the

The way I think of it is the difference between financial wealth and real wealth. No new real wealth can be created but financial wealth may transfer from the firms buying stuff to the large tech firms - thereby creating new financial wealth for big tech stockholders. In the long run the two should converge - but in the short run they can diverge. And I think that’s what we are seeing.