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QOTD: Your Wealth Does Not Create My Poverty
“…most important was the insight, key insight that Adam Smith had – brilliant insight – that wealth is not zero-sum, that you can make more of practically everything that’s important.
He understood this even while he was still living in a largely agricultural economy. He realized that because somebody is rich, that’s not what makes other people poor. Wealth is not a pizza where, if I have too many slices, you have to eat the Dominos box. My wealth does not create your poverty. Your wealth does not create my poverty. They’re separate questions. And we can generate more wealth.“