Dear Mr. President: Zero-sum doesn’t add up
While redistribution—or “plagiarism,” as we writers call it—is a bad idea, zero-sum is even worse. Zero-sum assumptions mean that a country that doesn’t pursue a policy of taking things from other countries is letting its citizens down. That’s pretty much the story of all recorded history, none of which needs to be repeated. It has taken mankind millennia to learn that trade is more profitable than pillage. And we don’t have to carry our plunder home in sacks and saddlebags when we’re willing to accept a certified check.
The Chinese don’t seem to understand this yet. They think trade is a one-way enterprise, the object of which is for China to have all the world’s money. They’ve got most of ours already. Mr. President, validating China’s economic notions isn’t a good thing.
A zero-sum faith in getting what’s wanted by taking it can extend to faith itself. In some places there is only one religion. If other people have a religion of their own they must be taking away from my religion. Give up that faith, infidels.
Speaking of infidel faiths, Mr. President, please consider the message of this Christmas week—a message of giving, not taking. And consider your prominent position as a messenger of peace on earth and goodwill toward men. When you embrace a belief in the zero-sum nature of what’s under the Christmas tree and propose to redistribute everything that’s in our Christmas stockings, you’re asking the world to go sit on the Grinch’s lap instead of Santa’s.









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Well there’s no Zero sum when it comes to racking up more debt. Zero is fine with that.
Red Creek on December 28, 2012 at 11:52 AM
takers don’t understand the concept of giving. never have and never will.
unseen on December 28, 2012 at 11:55 AM
America reelected not someone who has no understanding of economics, but has an anti-understanding of economics.
rbj on December 28, 2012 at 12:20 PM
anti-understanding of economics.
rbj on December 28, 2012 at 12:20 PM
hopeful on December 28, 2012 at 12:26 PM
“Eat the Rich” – a great book
Schadenfreude on December 28, 2012 at 12:59 PM
No Problem! We’ll make more!
-Ben Bernanke
zmdavid on December 28, 2012 at 1:00 PM
Zero-sum not only dismisses the possibility of growth, it also dismisses the possibility of economic contraction. When either happen it never dawns on the Obama’s of the world that govt. policy might have an impact on which we get.
Although I think Obama actually understands economics, he is a demagogue who would rather be like a North Korean dictator worshiped by squalid peasants than a traditional U.S. President who has to face prosperous equal citizens.
zmdavid on December 28, 2012 at 1:07 PM
Well put, indeed.
williampeck1958 on December 28, 2012 at 1:07 PM
Zero-sum is the very beating heart of liberalism.
John the Libertarian on December 28, 2012 at 1:39 PM