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"wealth is created literally from nothing." Most of the real wealth I see being created has ultimately come from the exploitation of natural resources. Far fro
by 8bitsrule 8y ago
"wealth is created literally from nothing."
Most of the real wealth I see being created has ultimately come from the exploitation of natural resources. Far from being 'nothing', most of these limited resources (which in another theory belong to all life on Earth) require underpaid 'human resources' to turn them into the highly-profitable 'nothing' of which you speak.
Much of which winds up in the garbage. (E.g., here in the U.S. we build housing to last for maybe two generations.) If anything, much real wealth comes from turning valuable resources into nothing.
- PeterisP 8y agoPrimary extraction (mining, farming, forestry, fishing) is something like 6% of the global economy. On average, the things you or I use consist of 6% exploitation of natural resources and 94% of labor after that. Natural resources are important, but now (as opposed to 19th century) they are a tiny part of what we make and use, they are not the main part of wealth.
- ergothus 8y agoHow do you estimate the "consumption" of clean water and air? How much of the non extraction economy relies on the extraction happening? I cant imagine how to estimate those numbers, but I do imagine they'd be significant.
- 8bitsrule 8y agoI see a significant difference between 'real wealth' and the 'global economy'. Apples and pears.