Rent Takers and Negotiators
Walmart negotiating a lower
price from a manufacturer (a
real producer) and paying less
money to an employee (a real
producer. )
Neither creating nor
destroying real wealth.
Financial Sector.
Pulling money that would
otherwise pay investors,
raising rates on
homeowners, etc.
Negative net value.
Steve Jobs,
Henry Ford, or
Adam Smith's pin factory:
Creating more value
or using less resources.
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