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tantalor
on Aug 20, 2023
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Parable of the Broken Window
I wonder if entertainment could be analogous to destruction? Like, do Taylor Swift concerts actually generate useful economic activity, or is it a broken window? Presumably those concert goers would have spent that money on something more useful..
BarkMore
on Aug 20, 2023
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If the concert attendees value the concert experience more than they paid for the tickets, then the concert generated value.
jmopp
on Aug 20, 2023
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The difference is that people want to be entertained. The shop-owner would rather not spend money on replacing a window.
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