The argument of the "pie fallacy" is itself a fallacy. The rate of capital generation compared to the rate of capital transfer is actually quite small. Apple didn't pull its $200+B cash reserves out of thin air purely…
The argument of the "pie fallacy" is itself a fallacy. The rate of capital generation compared to the rate of capital transfer is actually quite small. Apple didn't pull its $200+B cash reserves out of thin air purely…