Eg—Some people think that education / the cosmetics industry benefit some individuals but hurt other individuals at the same time because job markets / dating markets involve zero-sum games, so education / the cosmetic industry don’t provide any benefit to society overall. In other words, they change who succeeds but don’t cause more success.
I’d also like to find a term / nicer way of phrasing how individuals involved are incentivised to invest more resources to these things as others do the same, leading to a vicious cycle and increasing amounts of resources being dedicated to something that does not benefit society.
Positional goods?
That is perfect, exactly what I was looking for, thank you!
“Pareto efficiency“ - Pareto efficiency, or Pareto optimality, is an economic state where resources cannot be reallocated to make one individual better off without making at least one individual worse off (from https://www.investopedia.com/terms/p/pareto-efficiency.asp)
and “arms race”, if that counts as a nicer way, or some allusion to the Red Queen (https://en.wikipedia.org/wiki/Red_Queen%27s_race)
These are also perfect, thank you!
Maybe rent seeking