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'Remember kids, - voluntary economic exchange is a zero-sum game - one person's success always victimizes someone else - inequality _always_ means exploitation - economic growth is a cruel illusion' This is what happens when activists sleep through Econ 101.https://twitter.com/BreeNewsome/status/1196078462055960577 …
It's true that voluntary exchange is typically mutually beneficial and Econ 101 didn't used to include "exploit" in its vocabulary But modern econ recognizes exploitation (of mkt power etc) can/does occur (even when 1 side over-simplifies, best to not respond with strawman...)pic.twitter.com/k2nHfzhj8J
I worked in an Econ dept for four years, and wrote a whole book ('Spent') about exploitation of consumers by marketers. I just wish the Left would stop believing that the economy is a zero-sum game.
*Activism sent from Iphone 11
The thing that sucks about posts like this is that the non-zerosum feature of functional capitalism is actually a really cool and beautiful thing. That if we work together we can both achieve our desires.
Beware partial narratives. And beware partial counter-narratives.
That isn't what they implied. I understand all of those things, and many millionaires have become as such without participating in any of what Bree said. I struggle to think of a billionaire who has not.
The basic mistake in their thinking is the labour theory of value which is, well, BS.
A toxic mentality that will only hold people back. I’m shocked at how pervasive it’s become.
This is what happens when you raise a generation of activists and there are a dearth of causes for them to "solve". They have to concoct causes that need their attention.
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