Apparently, playing Pokémon Go is just another product of dirty capitalism. Pokémon Go uses Google maps to simulate the real world on your phone. The recently-released game brings the Nintendo classic to life. As you walk around in real life searching for Pokémon, so does the in-game character. It has become a world-wide phenomenon in just two weeks. However, not everyone is enthusiastic about the game’s release. A recent Vox article by Timothy Lee claims that Pokémon Go hurts small businesses and produces a negligible amount of value to society. Rather, it only provides a revenue stream to the game’s creators and leaves everyone else worse off. This argument is patently false. When new technology reaches consumers, the displacement of older firms does not make everyone worse off. Instead, it provides even more opportunities, access, and information that improves peoples’ lives. Through the process of continued innovation, new companies create and provide better goods and services. Lee sees growth in technology of this sort as harmful. In reality, everyone gains from the Pokémon Go economy.
http://economics21.org/html/pok%C3%A9mon-go-represents-best-capitalism-1968.html
