3swoosh2 makes a common error and is merely confused and uneeducated on the matter. If you have peaches and I have plums when we trade, without producing anything additional, we are each better off otherwise we wouldn't trade. So even without producing new materials trade increases our individual wealth as we get what we value more in exchange of something we value less.
And how does any service sector exist without at some point being deducted from the earth's resources. I'd like to see a service sector that's not connected to n's resources at all exist.
It is exactly zero-sum. All wealth, all economic activity derives from the earths resources; minerals, trees, animals, so on. There is one planet. So there is an absolute total sum of wealth. Therefore, more for you IS less for me. That's a myth of current monopolycommunistcapitalism, not real free market, which limits profits by introducing competion.
That is not true, all economic activity does not derive from the earth's resources. You are overlooking the service sector which uses very little tangible resources. Service sector economics is derived from peoples work ethic and intelligence (such as consulting, accounting, law, healthcare, etc. pretty much anything that doesnt have to do with manufacturing is a service sector job). Since there is no absolute value of a populations work ethic and intelligence, it is NOT zero-sum.
"k. but excluding the service sector which wouldnt exist without the other sectors. It's zero sum then?" --
No that's not necessarily true
For instance, just because air is in a limited quantity does not mean that me breathing it hurts you. If we ever started running out of air, the market would spontaneously put a price on it in order to regulate it so it lasts long enough to find a replacement or a way to manufacture it (think the price of oil right now).
3swoosh2, have you ever seen lamps, ashtrays, figurines, etc. in gift shops that are made out of sea-shells or driftwood? People walk the beach, collect shells and driftwood, that otherwise would have just kept laying on the beach without having any effect on humans at all, and they invest their time and effort, and create artsy-fartsy nick-nacks that people pay money for.
Those people took worthless objects and created wealth with them, which increased the size of the economic pie.
"The Wealth of Nations" the wit and wisdom of the good ole days, of masters and slaves. No pie for you.
hollywoodt00 9 months ago
3swoosh2 makes a common error and is merely confused and uneeducated on the matter. If you have peaches and I have plums when we trade, without producing anything additional, we are each better off otherwise we wouldn't trade. So even without producing new materials trade increases our individual wealth as we get what we value more in exchange of something we value less.
esteemnz 4 years ago
And how does any service sector exist without at some point being deducted from the earth's resources. I'd like to see a service sector that's not connected to n's resources at all exist.
3swoosh2 4 years ago
It is exactly zero-sum. All wealth, all economic activity derives from the earths resources; minerals, trees, animals, so on. There is one planet. So there is an absolute total sum of wealth. Therefore, more for you IS less for me. That's a myth of current monopolycommunistcapitalism, not real free market, which limits profits by introducing competion.
3swoosh2 5 years ago
That is not true, all economic activity does not derive from the earth's resources. You are overlooking the service sector which uses very little tangible resources. Service sector economics is derived from peoples work ethic and intelligence (such as consulting, accounting, law, healthcare, etc. pretty much anything that doesnt have to do with manufacturing is a service sector job). Since there is no absolute value of a populations work ethic and intelligence, it is NOT zero-sum.
fiyyazp 4 years ago
k. but excluding the service sector which wouldnt exist without the other sectors. It's zero sum then?
3swoosh2 4 years ago
"k. but excluding the service sector which wouldnt exist without the other sectors. It's zero sum then?" --
No that's not necessarily true
For instance, just because air is in a limited quantity does not mean that me breathing it hurts you. If we ever started running out of air, the market would spontaneously put a price on it in order to regulate it so it lasts long enough to find a replacement or a way to manufacture it (think the price of oil right now).
shipple 4 years ago
yeah, there are these new 'markets' like terror and taxing ppl 5% of their income for breathing. (global warming)
3swoosh2 4 years ago
3swoosh2, have you ever seen lamps, ashtrays, figurines, etc. in gift shops that are made out of sea-shells or driftwood? People walk the beach, collect shells and driftwood, that otherwise would have just kept laying on the beach without having any effect on humans at all, and they invest their time and effort, and create artsy-fartsy nick-nacks that people pay money for.
Those people took worthless objects and created wealth with them, which increased the size of the economic pie.
BRYAN351 3 years ago
3swoosh2 confuses resources with Wealth.
ftorresgamez 3 years ago