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Wow, that's quite a lot of one-liner rebuttals ya got there. I'm not sure what to do with such, ummm, condensed wisdom... You say that it's a big planet, and
by robotrout 17y ago
Wow, that's quite a lot of one-liner rebuttals ya got there. I'm not sure what to do with such, ummm, condensed wisdom...
You say that it's a big planet, and someone will have to produce less than they consume. Sure, for an instant. That's why God invented Capacitors, Inductors, and Bank Ledgers. To smooth over the instantaneous fluctuations in the system. However, long term, the capacitor needs replenishing. Long term, a nation better produce more than it consumes, to make up for the times it produces less, and for the inefficiencies in the system. This is a conservation of energy mindset that I often apply to economics. Adam Smith tells me that it's not a zero sum game, and that you and I can trade, and both come out better for it. This does violate my conservation of energy model, to some degree. However, I still maintain that I better produce something, and what I produce, I better not use all of it, as I need some of it to trade with you.
You say evolution from doers to investors is not evolution. I say it is. I can bake a pie, or I can finance a 200 chef pastry kitchen. You're saying I've serviced humanity less by creating the kitchen than I did by baking the pie? If you think that, you can't be reasoned with.
You assure me that mankind will survive. Thanks. I never doubted it. What does that have to do with anything at all?
- rbanffy 17y ago"Wow, that's quite a lot of one-liner rebuttals ya got there. I'm not sure what to do with such, ummm, condensed wisdom..." Mobile phones work miracles on conciseness. "I better not use all of it, as I need some of it to trade with you." This is not what I meant. If you base your economy on producing more than you consume, you end up risking having nobody to buy your goods because everybody got somewhat self-sufficient or got their supplies someplace else. It's nothing but smart to be as self-sufficient as possible. The strategic dilemma between being a doer and an investor is that, despite the illusion it's the other way around, the investor is actually serving the doer. You see - your kitchen is valuable as long as you have people wanting to cook, but absolutely useless if you have people who want to fix cars. Investment capital is a very useful tool, but it's only part of the machinery - it only smooths out some fluctuations that allow some companies to get started. Converting your whole economy from 100% doers into 100% investors is suicidal.