Re:How Did Sam Bankman-Fried Get Bail?
by hackerlight on Saturday December 24, 2022 @01:08AM
(#34114453)
> Resource scarcity creates a zero-sum game
No, things (e.g. transactions in the economy, contracts that get signed, tax & transfer payments, etc) are almost never zero-sum. They are usually positive-sum, and sometimes very negative-sum. Almost never zero-sum.
They appear to be zero-sum if you only focus on the raw dollars that change hands in a transaction. But they're not zero-sum in the utility that's created, which is what matters for any meaningful analysis.
No, things (e.g. transactions in the economy, contracts that get signed, tax & transfer payments, etc) are almost never zero-sum. They are usually positive-sum, and sometimes very negative-sum. Almost never zero-sum.
They appear to be zero-sum if you only focus on the raw dollars that change hands in a transaction. But they're not zero-sum in the utility that's created, which is what matters for any meaningful analysis.