@naval

"Marxism, besides denying human incentives, also has a problem where it just assumes that everything is finite and we're all just dividing up the same small set of things.

Well, the cavemen didn't have color TVs, computers, cars, antibiotics, or medicine. They were not sitting around dividing up the same few things.

The knowledge grows, and we create more. It also tends to assume that we can freeze frame at some point in society and say, 'Well, we have enough different kinds of sneakers, enough different kinds of housing, we just need to allocate it better.' And that is not how anything works."

…

.@naval: Marxism, besides denying human incentives, also has a problem where it just assumes that everything is finite and we're all just dividing up the same small set of things.

Well, the cavemen didn't have color TVs, computers, cars, antibiotics, or medicine. They were not… https://t.co/lkrMcauo91

Arjun Khemani

@naval

"Marxism, besides denying human incentives, also has a problem where it just assumes that everything is finite and we're all just dividing up the same small set of things.

Well, the cavemen didn't have color TVs, computers, cars, antibiotics, or medicine. They were not sitting around dividing up the same few things.

The knowledge grows, and we create more. It also tends to assume that we can freeze frame at some point in society and say, 'Well, we have enough different kinds of sneakers, enough different kinds of housing, we just need to allocate it better.' And that is not how anything works."

…
https://x.com/arjunkhemani/status/1869684074094416007