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Politics : Formerly About Advanced Micro Devices
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To: neolib who wrote (751691)11/7/2013 6:36:08 PM
From: Tenchusatsu  Read Replies (2) of 1576474
 
Neolib,
If someone bulldozes my house and builds a factory there instead, its not a zero sum game.
If the factory made widgets that no one would ever buy, then that would be a negative sum game.

Obviously the company building the factory values your property, or else they would build it elsewhere. That value is determined by you because that property happens to have your home on top of it.

A so-called "Keynesian" might argue that your property isn't contributing to the GDP, so it would be better to just forcibly evict you, bulldoze your home, and build a factory there. (In fact, many abusers of eminent domain have made similar arguments, that land owned by private citizens ought to be taken over by the government and given to rich developers that would contribute more taxes.)

But more often than not, such actions end up hurting society in general. Might as well just let central planning decide for all of us whether we can keep what we make, what we buy, and what we build for ourselves.

Tenchusatsu
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