Former student John Tamny has a critique of Keynesian Economics with reference to the Rio Olympics.
The Boston Globe takes on the zero-sum fallacy by essentially praising inequality:
To begin with, all eight men earned their extraordinary wealth. Through ingenuity, talent, and immense effort, they created enterprises that provide hundreds of millions, even billions, of human beings with goods and services that make life better, healthier, safer, and more affordable.
Moreover, the Oxfam Eight didn’t grow their fortunes by preventing other people from growing theirs. Their wealth may equal that of half the people on Earth (though Oxfam’s methodology is dubious), but the world’s poor have been climbing out of poverty at the fastest rate in human history. Byanyima rightly bewails the fact that “1 in 10 people survive on less than $2 a day” — what she omits is that over the past 30 years, the number of people living in such extreme poverty has fallen by nearly 75 percent. Johan Norberg, writing in Spiked Review, provides hard numbers: Worldwide, an average of 138,000 people climb out of extreme poverty every day. Since 1990, the world’s population has grown by more than 2 billion, yet the ranks of those in extreme poverty has shrunk by more than 1.25 billion.