this post was submitted on 20 Aug 2023
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The bias is justified. The left is correct. Markets don't create wealth without necessarily simultaneously creating poverty
For more information, research "surplus army of labor", "primitive accumulation", and "accumulation by dispossession".
Primitive accumulation is a bad term. It works if you've read the theory behind it, but otherwise it sounds like someone saving up a bunch of money then starting a successful business compared to what it is which was colonial genocide, enclosure of the commons, and mass starvation as people were ripped from agricultural labor and cast into the factories and mines to work for feudal lords turned industrial capitalists.
I agree but in this context I'm literally telling them to read about it.
I was just summarizing for the people who are too lazy to go read anything and will just stop here
Ah gotcha
In general? All trade is zero sum? Because that is in fundamental disagreement with the vast majority of economic theory.