5 ms·
> Wealth depends on poverty because poverty creates wealth This is circular reasoning and shows a fundamental lack of understanding of basic economics and what
by brigadier132 2y ago
> Wealth depends on poverty because poverty creates wealth
This is circular reasoning and shows a fundamental lack of understanding of basic economics and what wealth even is.
> You'll never get 10x Musk's without creating homeless people
This is stated without evidence.
> We compete with each other for resources using wealth and power
The classic 0 sum theory of economics. It's a good thing economics isn't actually 0 sum because with more than 10x population growth since the 1700s we'd be fighting over loaves of bread.
- dventimi 2y ago> This is circular reasoning It's not circular reasoning because it's not even reasoning. It's a claim. I have not attempted to justify it. I could, and I may, but I haven't tried to (yet). > This is stated without evidence. Yes. It's another claim. I'd be happy to explain it if you like. > It's a good thing economics isn't actually 0 sum because with more than 10x population growth since the 1700s we'd be fighting over loaves of bread. People still find it difficult to obtain even basic needs like food, even in what another commenter referred to as one of the "affluent" countries. https://www.ers.usda.gov/data-products/ag-and-food-statistics-charting-the-essentials/food-security-and-nutrition-assistance https://www.ers.usda.gov/data-products/ag-and-food-statistic...