The Fixed Quantity of Wealth Fallacy

The essence of the fixed quantity of wealth fallacy is the claim that wealth cannot be created, only rearranged. Suppose you believe that. What follows? You look at the world, and you see rich people getting their hands on more and more wealth. They can’t have added to the sum total of wealth, because wealth isn’t like that. Wealth can’t be added to. Therefore these rich people must have stolen their wealth from others. The only question is: from whom? Karl Marx supplied the first great answer to this question. The rich capitalists were getting richer by stealing from...

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