freediver wrote on Mar 11^th, 2024 at 9:45am:


No I didn't; I demonstrated productivity  (via mobilzation of resources), not 'the nature of money' (of which you have zero understanding)  -  is the basis for an economy's 'value'.   

Let's take it slowly for you:

Fact: money is created out of thin air: have you understood that much yet?

thegreatdivide wrote on Mar 11^th, 2024 at 9:59am:


You are oblivious to what everyone else says and simply substitute your own fantasy and go off on a tangent to disprove your fantasy.

I was not talking about an economy's value. I was talking about something far more fundamental.

freediver wrote on Mar 11^th, 2024 at 10:01am:


Ah...so what "everyone else says/believes' is reality.....

Question: if money is not created out of thin air by  authorized agencies, where does it come from?

https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2014/money-...

"This article explains how, rather than banks lending out deposits that are placed with them, the act of lending creates deposits — the reverse of the
sequence typically described in textbooks.(3)"

Oops....

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Yes - based on your 'shared illusions' about the nature of money, exploded in the linked article above.

So - down to the basics - when all that is produced = profitability - is lost into offshore globalist hands or into tax havens for the rich - the actual value of an economy is zero?

An economy that does not produce sufficient excess for all to prosper from it is a doomed economy.... and spreading our product around the globe in one way or another is the death of an economy ... a true economy is valued not on what it can produce by way of bananas - but how it can sell of those bananas and produce a profit for all involved in banana manufacture.... like the heady days of the Central American banana boats, a drink of rum is not sufficient income for those doing the labour to prosper while the buy of bulk bananas becomes wealthy beyond anyone's dreams.

Sounds about right. 

Get into it, dividie .... you know it all... take back the farm and install the GAIA Mk I - I see your pets have staked out a claim to that territory I earmarked for that industrial complex - they'll want their 'rent' on it... time to give 'em some freehold and leave the rest as Open Range.

I'm guessing most of you won't see the multiple allegories here, not least the changes required in Aboriginal culture... I built this lend with me own two hands just wandering about - and nobody is going to take it from me even when they have..... the days of staking out an empire are gone...

https://123movie.org.mx/movie/open-range-2003/

Grappler Truth Teller Feller wrote on Mar 11^th, 2024 at 10:24am:


Fact: an economy which is productive and globally competitive  can choose how its wealth is managed and distributed. The value of the economy is a given, how that wealth is shared is not.

So your first question is misconstrued.

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Another error: an economy needs to be able to produce the essentials, and then some to satisfy the 'aspirationals'...


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Well...

google

Ricardo's widely acclaimed comparative advantage theory suggests that nations can gain an international trade advantage when they focus on producing goods that produce the lowest opportunity costs as compared to other nations.

That's the mainstream economists' support for global trade. 

But in our era of geopolitical conflict, nations are seeking to reshore industry.

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...and computer chips; the US is urgently  reshoring IC production, to deny China access to US's latest IC technology.

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(Sigh) the travails of teaching the deluded...

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My mission is to explain how an economy can provide the essentials for all, after which the 'aspirationals' can compete for the remaining resources.   

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