The Most IMPORTANT Video You'll Ever See (part 1 of 8)

Your thinking isn't "common sense".

When you divide $100 by 10 years (according to your example) all you end up with is $10 per year...not 10%. The 10, I guess, that you're calculating would be how much, on average, did your money increase per year during the decade...and the answer is $10 per year....

IE: 7% growth rate = start at $100 you'll end up with $200 in a decade.

If you take $100 and divide by 10 years (like u did) then you get $10 per year.

When the "white man" arrived in the New World and the world Down Under they thought the local natives to be savages and yet these natives were able to feed their people, clothe their people and heal the sick while doing less damage to Mother Earth in the 40,000 years before the White Man than the 250 years since the white man laid waste to these lands. Now we are teetering on implosion with no one to blame but ourselves!

Modern Civilization........... my arse!

Capitalist development originated with the industrial revolution. Mass production of raw materials into goods 4 people who have yet 2 consider IF they even want the product so that the manufacturer can get the masses 2 purchase their goods. Because of the Capitalist deep desire to accumulate as much profits as possible, typically at any expense, more natural resources are reaped shoving more people into concrete jungles & poverty to line the pockets of the capitalist few.

(your English is fine)

good thing I watched this video :)

@theatheistinfidel :P yeah before I understood the equation I thought I was making perfect sense..what I said does still make sense to me for some reason lol but I now understand the math...common sense vs. education battle in my brain type of thing haha hard to explain...

You're silly. ;)

capitalist development is based on acumulation of profits and not in ditribution of them,it needs poverty as ligth needs shadows!excuse my english but its not my first language.

it is 7% compounded annually- perpetual growth. meaning this year's 7% growth is 7% more than last year's total growth- hence u get an exponentiation. However if u take the derivative aka rate of change, then u c that the growth would remain relative constant

"The Most Important Video You'll Ever See" is an extremely long winded account of how the industrial revolution has, in one step, miraculously modernized the world and brought it to it's knees from being raped, pillaged and plundered!

So why is it that today, after leaps and bounds in technology and medicine, are there a higher percentage of people living in abject poverty and crime is taking over?

But here is the problem,if the national growth stays at 7%,then you get a straight line on a graph,but that is not happening,instead the growth has been going up,and the statistics show a curved line,like a steep valley,population is the main problem for supply and demand,the other two are not the main problem,they are Energy,and food,now food needs land to grow,and the more houses we build the less land we have to grow food,and so you get a food shortage......those two are a seperate statistic