alt Hacker NewsYou are trying to define zero sum without saying it. The market is not zero sum, a loan isn't zero sum.
There isn't a winner and loser.
You are trying to define zero sum without saying it. The market is not zero sum, a loan isn't zero sum.
There isn't a winner and loser.
Why not? What am I missing.
If you loan me 10 pounds and I simply keep it or spend it but refuse to pay you back - aren't I the winner and you the loser?
Claiming that the market is a positive sum system, because I use that 10 pounds to invent something that changes world productivity is missing the fact that there is a constant stream of huge energy inputs from the sun - that's ultimately what allows the local entropy to decrease - not that you lent me 10 pounds.