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Just a reminder, wealth is **not** a zero sum game. If it were we would still be living in caves.
in this game there's always new pie beeing created and the rich fags get their fingers on them first when they are still fresh and warm !
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what is the cantillon effect?
@mk There is no claim here that there arent issues that are unfair in the economy.. but the simple existence of rich people is not a red flag.
"wealthy people having money doesn not mean there's less money for you."
1. wealthy people control the monetary system
2. wealthy people print money
3. printing money decreases the value of money
4. if the wage of ordinary people doesn't rise with inflation, they got less purchasing power...or simple..less money.
00:04:09 usa printed more than a third of the active money supply in the economy today in 2020/2021
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Hyperinflation is Already Here – You Just Haven't Realised It Yet.
Ok. still not related to the OP though.
my position is:
you CAN NOT have working freemarket capitalism if you don't fix the monetary system first.
what should happen:
switching back to gold backed paper (like the BRICS does)
what is going to happen:
a totalitarian cbdc nightmare
@mk Regardless if thats true or not, it still isnt about the OP. I have no objection discussing the bigger problem, but that would deserve its own thread, not hijacking one of an unrelated topic.
ok..whats the original post about then?
@mk The original post is about wealth not being a 0-sum game. No matter how much some have that does not imply others had to have less for them to have more.
To put that in simple language. If the whole world had only two people, and one had X wealth, the other Y wealth, it is possible (and in fact fairly common ) that both values can increase over time. In otherwords, everyone can get more wealth without anyone loosing wealth. Over time that has overwhelmingly been the case as is evident by the fact that we arent still living in caves.
"world had only two people[..]possible[..]that both values can increase[..]everyone can get more wealth without anyone loosing wealth."
yes, but we're not living in caves anymore. we're living in a hyper competitive world.
every cm² an this planet belongs to somebody..the top 1% own most of the wealth..there's no such thing anymore as free land / free resources..
if person A earns 1 dollar, you're taking it away from person B. ones value increases and the others decreases..
@mk Nop im sorry that is not how wealth works.. you are thinking int erms of "1 dollar".. dollars are paper, they are money, they arent wealth. If you want to understand these base ideas so you can understand the bigger one, you first need a better understanding of what wealth is. You can probably understand that best when you think in terms of one or two people, but you are right in larger populations it gets more complex, but the same principles still hold.
