This is a *ridiculously* oversimplified application of first year economic theor... | Hacker News

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jrm4 41 days ago | parent | context | favorite | on: How to earn a billion dollars

This is a ridiculously oversimplified application of first year economic theory. No, we do not live in the textbook fantasy of "everyone is always free to make favorable trades and therefore no one is exploited."

simianwords 41 days ago [–]

Yes but yours is more of an edge case than mine is.

Trades are almost always positive sum with some externalities.

Trades aren’t exploitative like you claim.

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