"The economy is not a zero sum game." Robert H. Bork
What this means is that just because Bill Gates is unimaginably rich doesn't mean that everyone else needs to be correspondingly poorer. On the contrary, most all productive activity contributes to lifting everyone up economically.
Remember, "everyone else" does not include the government.
ReplyDeleteTo Stan's point government intervention in the economic system will alter the outcome....China is the master at manipulating the global economic model with controls on their labor and monetary system
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