You’re right and wrong: today’s economy is often negative sum from total utility perspective. It hurts society and the person but it helps Mark Suckerberg and Scam Altman and the private equity firms.
It’s positive sum from a wealth-weighted utility calculation though. And that’s why it happens.
You’re right and wrong: today’s economy is often negative sum from total utility perspective. It hurts society and the person but it helps Mark Suckerberg and Scam Altman and the private equity firms.
It’s positive sum from a wealth-weighted utility calculation though. And that’s why it happens.