Comment

Comment by ivjw

It is not as simple as "my profit" vs. "others' expense". The elegance of the invisible hand theory is that it also accounts for the cases where others' expense is my expense and others' benefit is my benefit just as well as the others.

The scales sure can be tipped on the individual level, but you are only considering the "one individual vs. one individual" case. Many cliques of extreme power have been taken down by the weaker majority, which is also one of the processes contributing to the collapse of monopolies.

parent ivjw 1 year ago

Discussion

Live from the official Hacker News API

A modern reader for Hacker News · SvelteKit + Skeleton