Redistributive processes are zero-sum games

From Austin Storm
Jump to: navigation, search

But only redistributive processes are zero-sum games; protective tariffs, mortgage subsidies, and armed robberies all transfer wealth forcibly from one person to another. Economic transactions are voluntary exchanges, which means that both parties perceive themselves as benefiting. A given economic transaction is zero-sum only if one party has miscalculated or been deceived

Herbert Schlossberg, Idols for Destruction, p. 128

I think this is where zero-sum thinking comes from