"In game theory and economic theory, a zero-sum game is a mathematical representation of a situation in which each participant's gain (or loss) of utility is exactly balanced by the losses (or gains) of the utility of the other participant(s). If the total gains of the participants are added up and the total losses are subtracted, they will sum to zero. Thus cutting a cake, where taking a larger piece reduces the amount of cake available for others, is a zero-sum game if all participants value each unit of cake equally (see marginal utility). In contrast, non-zero-sum describes a situation in which the interacting parties' aggregate gains and losses can be less than or more than zero. A zero-sum game is also called a strictly competitive game while non-zero-sum games can be either competitive or non-competitive. Zero-sum games are most often solved with the minimax theorem which is closely related to linear programming duality, or with Nash equilibrium...."
Meh, being against a horrific deal is a far cry from being against freetrade. Nice try Salon.
Trying to pose a problem in a sterile academic case environment where one can assume there are no non-parameterized influences is hardly justification for taking that result out into the real world and using it to guide your actions. It's mental masturbation.
The fact is that Reich's simple word problems aren't and can't be applicable because of any number of things: accompanying policy, political goals, subversive goals (Obama's case), adversarial relationships within the country, punitive taxation policies, income redistribution, largesse, crony influence and any number of undefinable impacts. It just isn't possible, because the DISTRIBUTION part (actually, the REDISTRIBUTION part) isn't based on just one common factor that is easily understood.
When you’re on the same side as Robert Reich and his fellows, you might be doing it wrong.
http://www.freerepublic.com/focus/bloggers/3299719/posts?page=15#15
Dead wrong Mr. Reich.
They - both sides - just don’t trust Obama to negotiate a fair deal.
We really need a deal to stop the spread of China’s influence. With this President, won’t get done. Will have truly negative implications over the long run.
Uh, the public has never been behind Obamacare, and the Obama of a few years ago rammed that through, so yeah, Obama is weaker now by Reich's reasoning.
Jesus Christ: You cant impeach Him and He aint gonna resign.
His game reminds me of an old joke. A peasant finds a magic lamp and a genie appears. He offers him one wish. The peasant says, “My neighbor has a goat, and every day he has fresh butter and cheese. My goat died last winter, and now if I want butter and cheese I have to buy it from him. It isn’t fair.”
“So what is your wish?”
“I want you to kill his goat.”
We can’t blame the rest of the world for us overtaxing and overregulating industry here.
This doesn't prove that Reich's students aren't envious or spiteful. It proves that they prefer to CALL their envy and spite by a nicer name.
It used to be an article of faith that trade was good for America.
Maybe it is good for America. WHAT is being called free trade here?
I am wholeheartedly in favor of free trade; I am dead-set against giving a socialist like obozo a free hand to decide what free trade is.
The problem is not free trade. The problem is bodies of people ruling like courts on our industry not bound by our Constitution.
I’ve had it with my kids.
Whats the opposite of “free”, mr. Reich?
Embarrassed by Dems, Obama Turns to Boehner to Revive Trade Bill
Handed an embarrassing defeat by Democrats who smacked down his fast-track trade bill, President Barack Obama has turned to House Speaker John Boehner to resurrect the measure. [Full Story]
Personally, I’m against illogical midgets and socialists.
I think the Munchkin may be right on this one.
You can only cry wolf so many times. For three decades now the American people keep being told over and over how THIS free trade agreement will launch our economy into spectacular growth, raising incomes and standards of living for all.
Apparently they’ve had it with Lucy yanking away the football. Thanks to the bozos who keep overselling these agreements, they may also be throwing in the towel on capitalism in general.
If Ross Perot had been sane he would have won that election.
Americans don't like this current bill because it is another 1,000 page, unread, hidden from the public, backroom monstrosity giving huge powers to the current tyrannical King wannabe while stripping the Legislature of Constitutional powers and it contains God-only-knows-what-else slipped-in surprises just screaming to be revealed from the secret process. In other words, it is a big, fat stinking turkey law just like Washington lately so loves to pass.
The others (Democraps and union bosses) are against it because it doesn't give them enough free sh!t, political control, and personal power and spend enough money to further expand their own kingdoms.