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Latest Discussions»General Discussion»The way the economy works...»Reply #18
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General Discussion

In reply to the discussion: The way the economy works at its most basic level... [View all]
 

HiPointDem

(20,729 posts)
18. imo the global economy has always been a closed loop. that's how the rich get richer -- by
Reply to kentuck (Reply #17)
Fri Jul 27, 2012, 04:35 PM
Jul 2012

stealing the livelihoods of others and converting them to wage laborers, welfare clients, and homeless.

and in many cases by killing them.

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The way the economy works at its most basic level... [View all] kentuck Jul 2012 OP
but where does the profit come from? if the 'entrepreneur' 'invests' $1000 in production, & HiPointDem Jul 2012 #1
The profit is in the pricing of the product. kentuck Jul 2012 #3
you don't get my point. in a closed loop system like our hypothetical small town, profit is not HiPointDem Jul 2012 #8
Yes, in a "closed loop" if there is a fixed amount of money in the town, hughee99 Jul 2012 #24
There is no profit margin. There is no profit unless you kill off the other people one by one. HiPointDem Jul 2012 #25
There could be a temporary margin, depending on the amount of money in the loop. hughee99 Jul 2012 #26
"The only way to operate a SUSTAINING business in this scenario is to operate at no profit" HiPointDem Jul 2012 #27
If you move inventory to keep the business running you don't need profit. geckosfeet Jul 2012 #4
Many businesses today do not operate with large inventories... kentuck Jul 2012 #6
you don't understand what i'm saying. if the only consumers of the products are the entrepreneur HiPointDem Jul 2012 #7
But... kentuck Jul 2012 #9
two things belcffub Jul 2012 #12
the earth isn't basically a closed loop? HiPointDem Jul 2012 #14
But a thousand new customers ... kentuck Jul 2012 #15
a thousand new customers from where? in a closed loop small town you just have normal HiPointDem Jul 2012 #16
It's a very interesting concept... kentuck Jul 2012 #17
imo the global economy has always been a closed loop. that's how the rich get richer -- by HiPointDem Jul 2012 #18
it assumes a closed loop with no black box "outside". you can make the example more complicated HiPointDem Jul 2012 #13
Well said, and sadly modern capitalism wants customers with no jobs RKP5637 Jul 2012 #2
It's a historical method of theft. A bubble builds up, people feel like they're doing well -- then HiPointDem Jul 2012 #28
And the Lemmings worship the system falling for all of the political RKP5637 Jul 2012 #30
Working at CPA firms I've worked on the books and taxes of many small business owners. upaloopa Jul 2012 #5
Most consumer goods are produced overseas; the small business doesn't need workers to produce. Romulox Jul 2012 #10
Now we are moving beyond the most basic level... kentuck Jul 2012 #11
Labor is also being replaced by technology, which is how it has always been. dkf Jul 2012 #19
What if we only needed 1 millon people to work? Our economic system has no way to handle this. reformist2 Jul 2012 #20
I agree. kentuck Jul 2012 #21
Or, instead of giving everybody jobs....dare I say it... reformist2 Jul 2012 #22
Because jobs will still need to be done... kentuck Jul 2012 #23
The final goal of technology is likely the automation of almost all vital operations needed to live. Selatius Jul 2012 #29
Latest Discussions»General Discussion»The way the economy works...»Reply #18
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