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Not a theory. My own thoughts based on 45 years of living and reading and seeing/witnessing the LIES that businessmen and the business world use to justify destroying everything for an extra dollar.
When anything gains in perceived "value" something else loses it's perceived "value." Think of the creation of mini-cassette tapes. That business BOOMED, due to convenience, ease of use, and cheapness, compared to the 8-track cassette, which dropped in sales and perceived "value" almosty instantly.
a businessman/capitalist will argue that they CREATED wealth and value by creating a new product, but they KNOW that what they have actually done, is destroyed the "value" of a separate product by creating something better.
If "wealth" was infinitely expandable, inflation would not exist. You could literally print money endlessly and all the money would be worth the exact same, always. However, since there is only a finite amount of wealth to go around, a dollar is worth HALF now what it was worth in 1980, and printing more money just devalues the money that already exists.
Millionaires and billionaires try to pretend this is not true, so as to justify their largesse and their hoarding of wealth. If they truly thought wealth could be created they would not have any proble with poorer people getting their share.
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