7 ms·
> On a global market a country IS a business. In order to be successful it has to operate at a profit. Period. This understanding is what seems to be lacking in
by seliopou 11y ago
> On a global market a country IS a business. In order to be successful it has to operate at a profit. Period. This understanding is what seems to be lacking in many electorates.
So if countries are businesses, and they all have to operate at a profit, and one country's revenue is another country's expenditure, where are all the deficits that balance out all the surpluses? The fact of the matter is that it is impossible, like squaring the circle is impossible, for every country in the world to be surplus country as you propose.
Also, as an aside, using a barter metaphor to describe a global, industrialized economy is overly simplistic to the point of being useless, as you pointed out. It's useless the point of being misleading and leading to no more of an understanding of a very complex system.
- robomartin 11y ago> where are all the deficits that balance out all the surpluses? Where did I say that the system would balance out? There are countries that will under-perform for a myriad of factors. That's a fact. These countries will require the charity of those doing well (with rules as to how that assistance is to be used). It's also a dynamic system. Today I make a profit and tomorrow you do. It's a pendulum that achieves some degree of balance at the right time scale. Also, resources and economies change over time. Compare the world 1,000 years ago to today. It's not a static playground.