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Comment by vetleen

This is a fun experiment, but in real life transactions create wealth. If a buyer doesn’t feel that the widget she's been offered at a certain price is worth more than the price then she won't buy it. Similarily, if the seller feels the widget is worth more than the price, he won't sell. Therefore, a transaction means wealth wads created since both parties' wealth has increased after the transaction.

I’m pointing this out because it is quite a common misunderstanding that a certain amount of wealth exists in the world, and that it is a zero sum game, where someone has to loose every time someone wins.

parent vetleen 12 years ago

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