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rhett o rick

(55,981 posts)

56. I have studied thermodynamics and understand enery somewhat. I like the application

Sun May 8, 2016, 11:18 AM

May 2016

to economics which I don't understand very much. Skimming the essay I noted that he said that without economic growth wealth is zero-sum. I have been trying to say that here. So the capitalists' need to accumulate wealth when the economy isn't growing need to steal the wealth. That's what the so-called bank crisis was, theft. I hope he defines economic growth.

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The Pain You Feel is Capitalism Dying [View all] KamaAina May 2016 OP

This message was self-deleted by its author rjsquirrel May 2016 #1

so you believe that 9 years of ZIRP policy by the Federal Reserve is a sign of good economic health? virtualobserver May 2016 #3

This message was self-deleted by its author rjsquirrel May 2016 #4

Their first stop will likely be fast food, 7962 May 2016 #16

This message was self-deleted by its author rjsquirrel May 2016 #21

Don't forget that the revolution in production techniques Hortensis May 2016 #49

This message was self-deleted by its author rjsquirrel May 2016 #50

Do they just snort and walk away? 7962 May 2016 #69

This message was self-deleted by its author rjsquirrel May 2016 #72

Insist on $15 an hour? How dare they! KamaAina May 2016 #33

It'll be fine for the few left that will be making it 7962 May 2016 #34

Should they commit suicide? JPnoodleman May 2016 #74

After that, trucking and transportation hatrack May 2016 #66

I see that as a LOT riskier. ONE bad accident & you'll lose MILLIONS 7962 May 2016 #68

Looks like you were closer to the truth than I thought: 7962 May 2016 #75

The end game is when robot workers start selling hamburgers to robot customers. Xipe Totec May 2016 #20

The Establishment Agenda Is Always The Same - Enslave The 99% - Enrich The 1% cantbeserious May 2016 #2

That article is wrong - value comes from labor, not exchange tralala May 2016 #5

I guess that might be dependent on the definition of "value". What is your source? nm rhett o rick May 2016 #6

If I am not mistaken, the notion of value being produced by labor is present from Locke to Marx. beastie boy May 2016 #17

Smith, Ricardo, Marx ... those guys tralala May 2016 #37

The definition of value in terms of economic activity is energy. ronnie624 May 2016 #41

Now that makes sense. What would you recommend I read to learn more about rhett o rick May 2016 #45

There are tons of solid information ronnie624 May 2016 #51

Wow, that's some essay. I have skimmed it and intend to read more thoroughly. rhett o rick May 2016 #53

A lot of people have difficulty understanding the nature and fluidity of energy ronnie624 May 2016 #55

I have studied thermodynamics and understand enery somewhat. I like the application rhett o rick May 2016 #56

Growth can occur only if there is energy entering the system from an outside source. ronnie624 May 2016 #57

I think economic growth comes from creating something that is of value to someone. rhett o rick May 2016 #58

An interesting excerpt. ronnie624 May 2016 #73

Oh? Beethoven1111 May 2016 #7

Post removed Post removed May 2016 #9

Why do you say that? n/t tom_kelly May 2016 #12

Because defending capitalism is practically impossible. ronnie624 May 2016 #44

Roll over Beethoven. redwitch May 2016 #15

I imagine it's difficult to continually come up with new names. nm rhett o rick May 2016 #46

"Communism Creep?" ReRe May 2016 #23

Troll over beethoven tenderfoot May 2016 #39

You win. rhett o rick May 2016 #47

Ha ha ha! I guess it must be 1953! Arugula Latte May 2016 #43

Sorry nothing personal rhett o rick May 2016 #48

History. The experience in Mexico and other countries with staggering inequality Califonz May 2016 #8

its a different world now. If we come down, and we will crash huge, the world will follow. litlbilly May 2016 #11

And the worst are hardly big time capitalists either. 7962 May 2016 #18

capitalism has raise the living standard of more people in the history of he world... AlbertCat May 2016 #67

Any other form of national economy. 7962 May 2016 #70

Yep, the roaring success of non-capitalist countries such as Venezuela Nye Bevan May 2016 #10

This message was self-deleted by its author rjsquirrel May 2016 #22

What does race have to do with any of this? (nt) Nye Bevan May 2016 #35

This message was self-deleted by its author rjsquirrel May 2016 #38

Nye was being sarcastic I'm sure 7962 May 2016 #36

What's next is Feudalism zeemike May 2016 #13

Capitalism calls never ending consumption "growth". Spitfire of ATJ May 2016 #14

Our economy depends on selling overpriced fraudulent financial products to each other in a game whereisjustice May 2016 #19

What Fuller called "lawyer capitalism" has outlived its purpose and is long dead. beastie boy May 2016 #24

You can call it fusion capitalism, but it's just capitalism. This is what it does. Hydra May 2016 #25

of course it's just capitalism. The label just indicates a new twist to it. beastie boy May 2016 #32

Capitalism... gregcrawford May 2016 #26

"There Are No More Profits to Extract." Hydra May 2016 #27

No. It is the capitalists trying to make -us- die. If it was them dying they would be feeling the jtuck004 May 2016 #28

crapitalism. its not sustainable. pansypoo53219 May 2016 #29

Not until we get voting and election reforms. stillwaiting May 2016 #30

it's the money system Locrian May 2016 #31

Capitalism is dying ReRe May 2016 #40

I do believe that was where I read about FINCAP and LAWCAP KamaAina May 2016 #62

Maybe institutionalized supergreed moondust May 2016 #42

We are a service economy Protalker May 2016 #52

Capitalism Never Worked fasttense May 2016 #63

Dear DOG, I hope so. nt LWolf May 2016 #54

So glad this made the greatest list. whereisjustice May 2016 #59

Here's my take RoccoR5955 May 2016 #60

Plutocracies will last as long as most of the people are okay going without for years and years. Rex May 2016 #61

There are endless theories as to the exact mechanism.. sendero May 2016 #64

A hearty recommend. Bookmarked for later reading. Populist_Prole May 2016 #65

Right Demsrule86 May 2016 #71