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Joined 1 year ago
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Cake day: June 13th, 2023

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  • I’m not interested in a back and forth internet flame war about this, so I’ll just say you are straight up wrong about economics being a zero sum game. This is a very common fallacy that somehow persists, most likely because we are all being squeezed by our corporate overlords for everything we are worth. But that is different from a zero sum game.

    If you’re interested then you should google “economics zero sum game fallacy” and learn a bit. Then come back if you are interested in engaging in some more discussion in good faith.




  • Imagine you own a goose that lays golden eggs. It lays one golden egg per year. How much would you sell it for? Probably not one golden egg, but definitely you’d sell if for a million gold eggs. You’d probably settle for maybe 5? 10? 15? Something like that.

    Suppose the goose only lays one egg per year now (or none at all!) but it’s still young and most people expect it to start laying four or five or even ten or twenty eggs per year in a few years from now. It’s impossible to tell for sure how many it’ll lay over its life, or when that will happen, or if it will happen at all. NOW how much do you sell it for?

    That’s the stock market.

    A bunch of investors think a bunch of gooses will start laying a ton more golden eggs soon, and they’re willing to pay big bucks now in exchange for the possibility of that in the future. This isn’t a pyramid scheme or a zero sum game or anything like that. It’s just a prediction of the future which may or may not be correct, and only time will tell.


  • You couldn’t possibly be more wrong. Whenever two people engage in a transaction and walk away happy, value has been created. A zero sum game would be if the economy were a pie of static shape, where if you have more then I have less. But it isn’t like that. The pie grows, and every time there is an equitable transaction with value being created, the pie gets bigger and everyone is better off. That’s the opposite of a zero sum game.