Has anyone seen an analysis of what percentage of economic activity is just redistribution of wealth more adjacent to gambling, compared to economic activity that is more tightly coupled to cost of delivering goods and services?
And just in case it’s not obvious: This question comes to mind as I would categorize SoftBank pretty firmly in the gambling niche - at least compared to a local plumber or Uber driver.
I have benefited greatly from the proliferation of internet and app based taxi services.
>compared to economic activity that is more tightly coupled to cost of delivering goods and services?
How do you measure this? Was it possible that the size of Softbank’s investments is what can lead to the possibility of creating two sided markets like Uber?
And just in case it’s not obvious: This question comes to mind as I would categorize SoftBank pretty firmly in the gambling niche - at least compared to a local plumber or Uber driver.