I think Armstrong is mostly right on the mechanics, even if reality is messier. Capitalism, at its best, is positive sum because it rewards value creation. When competition is open, innovation compounds, productivity rises, and society gets richer overall. History backs this up:
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I think Armstrong is mostly right on the mechanics, even if reality is messier. Capitalism, at its best, is positive sum because it rewards value creation. When competition is open, innovation compounds, productivity rises, and society gets richer overall. History backs this up: