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Just a reminder, wealth is **not** a zero sum game. If it were we would still be living in caves.
in this game there's always new pie beeing created and the rich fags get their fingers on them first when they are still fresh and warm !
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what is the cantillon effect?
@mk There is no claim here that there arent issues that are unfair in the economy.. but the simple existence of rich people is not a red flag.
I mostly agree with your original point that on the macro level that wealth isn’t a zero sum game (though it can certainly be a lot closer to one within a company).
Saying that the existence of rich people isn’t a red flag is a different and interesting argument, but I don’t want to hijack your thread
It’s might not strictly be a zero sum within a company (presumably it’s value goes up and down) and sure, a company can increase its value and we would typically expect that gain (or loss) to be sent to the owners of that company.
On the employee level it feels like it’s closer to zero sum though, and maybe that’s just a perception thing. While relative CEO pay has gone up over the years I guess you can’t necessarily disentangle whether that increase comes out of the pool of wages available to all employees or whether it’s coming out of the pool of money that could be going back to investors. I guess I should go see if economists have any papers on that
"I should go see if economists have any papers on that"
at first we should start at the beginning and find out what the definition of a women...*ähm.. wealth is..
@Gbudd
Honestly even within a company it isnt a 0-sum game, it just might be hard to see. I think it is most obvious (though not limited to) companies that sell a product, particularly when manufactured from raw products.
If I am a lumber company then cut and cured lumber has more value than a tree the dead trees I buy.. so generation of new wealth is clear and easy to quantify,
@mk