Economy. Wealth distribution (rich/poor) is an internal social structure and by default is a zero-sum game.

Mar21 2020

The rich-poor scheme is a zero-sum game. If you have a trillion dollars of printed money, it's a finite amount. If one person gets some of it, another must lose. It's finite, unless Central Bank cheats (which is the idea of capitalism) and prints money and gives it to the chosen. It's still stealing money from the whole nation, because everybody loses - gets indebted. If the public is unaware of this scheme, it's simply counterfeiting money. Creating fake money, thus undercutting wealth of everybody, causing inflation.

Everybody cannot get rich. If there are moguls, by default there are also servants. Everybody cannot become moguls, because they would stop being moguls.
By definition, being rich means having much more wealth than others (i.e. it requires existence of the poor). Otherwise everybody is on the same level on this rich/poor scale.



Economists are no scientists. They are just higher level clerks and hucksters. Their poor intellectual level is just shocking. Look at the autistic Alan Greenspan. This guy was a guru of the Wall Street rats.
Nobel laureates' books are on high school level (Milton Friedman). Often they hide behind huckster slang, which some of them don't even understand.

Wealth distribution (rich/poor) is an internal social structure and by default is a zero-sum game.
Rich/poor is a master-slave scheme. Who is serving and who is being served. This is not changed by technological progress.
Poor people today are not richer than princes hundreds years ago. Though, halfwit economists confuse technological progress with society getting richer. If you have a television and kings of yore didn't have it, it doesn't mean you are richer. Only halfwits can think that. And there is a lot of economists on this intellectual level of a school boy.
What changes with the technological progress is the quality of life of the whole society, not the internal social rich-to-poor relations (especially in US capitalism which is the best example of capitalism being modern feudalism).


Quack economist who claim that economy is not a zero-sum game and everybody can get rich are simply either crooks or halfwits.
They preach economic perpetuum mobile. Wealth of the nation is like energy. The basic law in the universe is conservation of energy. Energy doesn't come out of nothing. If you want to get some, you must sacrifice something. You burn a pile of coal to get heat.
If you exclude foreign trade (closed system), the amount of money (gross wealth of the nation) is finite. If you add money to the market by printing it, you don't add wealth, you just diminish the value of currency. Inflation.
Wealth is not created by more industry production in the long term. If you produce more, the value/price of it falls. In short.
There is no escape from physics laws wherever you operate. Economists are simple mere clerks and peddlers, and often crooks, so they don't even grasp the basic laws or even the social reality.

No comments:

Post a Comment

Thermonuclear fusion with a clean non-nuclear (fission) explosion in Poland in 1977. Mini-nukes.

Apr 24, 2015 In 1977, Poland became the first country in the world to achieve a thermonuclear fusion with a clean non-nuclear (fission) ex...