They’re zero sum because money is being exchanged, but the person losing money isn’t getting anything in return for the exchange. Someone is just stealing from someone else (one person loses, anotber gains). No matter how many people are added to the scheme the mechanics remain the same.
An economy, be it a capitalist or communist one, involves the exchange of money but in exchange for goods and services. Both parties of the transaction gain from it.
Now, it could be argued that the wrong people gain the most from capitalism. That’s another argument. But the system isn’t zero sum, the way a ponzi scheme or a pyramid scheme is.
To all your guys huffing and puffing, I’m not passing moral judgment (here) about communism or capitalism. I’m just saying that any economic system involving trade is not zero sum the way a Ponzi-scheme is.
Except people are getting fewer goods and services while paying more money. For some, they’re already at starvation wages even when working full-time and they have to dip deeply into credit just to survive.
They are increasing at the same rate for everyone it’s that a 2x increase in the cost of gas or eggs isn’t as big when you are wealthy enough to be able to comfortably absorb that increase
You’re not wrong there, but just to provide a more accurate number for what’s currently happening, inflation of the cost of groceries was 11% from 2021 to 2022. It is expected to continue to be high throughout this year with an estimate between 5-10%.
A hexagon!
They’re zero sum because money is being exchanged, but the person losing money isn’t getting anything in return for the exchange. Someone is just stealing from someone else (one person loses, anotber gains). No matter how many people are added to the scheme the mechanics remain the same.
An economy, be it a capitalist or communist one, involves the exchange of money but in exchange for goods and services. Both parties of the transaction gain from it.
Now, it could be argued that the wrong people gain the most from capitalism. That’s another argument. But the system isn’t zero sum, the way a ponzi scheme or a pyramid scheme is.
To all your guys huffing and puffing, I’m not passing moral judgment (here) about communism or capitalism. I’m just saying that any economic system involving trade is not zero sum the way a Ponzi-scheme is.
Except people are getting fewer goods and services while paying more money. For some, they’re already at starvation wages even when working full-time and they have to dip deeply into credit just to survive.
That’s inflation and everyone is paying more for the same goods.
Yet costs for the masses are increasing beyond the official inflation numbers.
They are increasing at the same rate for everyone it’s that a 2x increase in the cost of gas or eggs isn’t as big when you are wealthy enough to be able to comfortably absorb that increase
You’re not wrong there, but just to provide a more accurate number for what’s currently happening, inflation of the cost of groceries was 11% from 2021 to 2022. It is expected to continue to be high throughout this year with an estimate between 5-10%.
https://www.gao.gov/blog/sticker-shock-grocery-store-inflation-wasnt-only-reason-food-prices-increased