Comment by iantimothy

> Since Filipinos are the largest growth market for Axie Infinity, they must also be a major source of money flowing into the system. Instead of being a net provider of jobs and capital, it appears to just be redistributing the same wealth between Filipinos, and collecting a 4.25% cut for the service.

It seems that the source of money flowing into the system are individuals with capital to buy the incoming producing PPE-type assets (i.e., Axies).

Guilds pool capital to buy P2E assets and rent it out to scholars for a % of all income earned by the player (known as scholars in the current P2E nomenclature).

I think there are currently two acceptable ways to earn income in our society: 1. Take relatively less risk, get paid a wage. Owner of incoming producing assets bear the risk of deploying capital in such a manner. 2. Take high risk. Deploy capital to acquire assets and pay wages to others who utilize those assets to produce (unguaranteed) income for you.

P2E introduces a third: deploy capital to acquire assets, loan the assets out, and take a cut of income generated.

P2E in its current form has similarities to serfdom. The owners of Axies (and the AXS tokens) are the lords.