"Economics is Not a Game of Monopoly"
September 25, 2023
This is true:
The standard textbook model of monopoly economics only applies to the real world in a narrow range of circumstances.
As is this:
If Žižek were correct that Gates, Bezos, and other tech billionaires built their fortunes by restricting access to pre-existing resources, rather than by generating new wealth through technological progress, then it might be worth taking radical steps to reclaim the conquered assets. But in fact, the opposite is true.