Don't Be Seduced by Zero-Sum Thinking About the Economy
The zero-sum view manifests itself in both rhetoric and policy, with the left aiming to redistribute from the rich to the poor, and the right from foreigners to natives. This is a strange preoccupation, since today's world economy is not zero sum. It is not without its problems — there are pockets of scarcity and widespread uncertainty — but real wages and wealth are increasing, as is our standard of living.
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