Which theory considers global wealth as static and, therefore, believes that prosperity depends on extracting wealth or accumulating it from others?

Capitalism is an economic system that encourages wealth creation through free markets, innovation, and competition. Unlike mercantilism, capitalism does not view global wealth as static; instead, it promotes the idea that wealth can be generated and increased through entrepreneurial efforts and investment, leading to overall economic growth.

Socialism is an economic theory advocating for collective or governmental ownership of production resources, with a focus on distributing wealth more equitably among the population. It operates under the premise that wealth can be redistributed rather than extracted, thus differing fundamentally from the mercantilist view of wealth accumulation.

Minimalism is a lifestyle philosophy that emphasizes simplicity and reducing material possessions to focus on personal fulfillment and well-being. It is not an economic theory concerning global wealth; rather, it promotes a personal approach to consumption and does not address wealth extraction or accumulation at a national level.