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“Socialism”, “Capitalism”, “Markets”, and “Mixed Economies”…in two brief paragraphs…

Natural resources and human effort are the two elements that all economic activities are derived from and are therefore the two most important building blocks of all economies. From those two elements we derive intellectual property, technology, and markets. Unfortunately many modern economic theories have it backwards, thinking that markets “create” natural resources and human … Continue reading

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Markets are derived from labor and natural resources, not the other way around

Economic stability and resilience are not possible with a large working poor segment of society, a large overpaid parasitic upper class, and a small or shrinking debt burdened middle class. This is pretty obvious. The cult of growth has convinced too many that economic growth is more important than economic stability and resilience. Growth is, … Continue reading