“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 labor, when the reality is that markets are created by humans harnessing natural resources to create products and technologies which allow “markets” to exist. Individual initiative should be rewarded and communal responsibilities should be met. If either of those elements is suppressed it will lead … Continue reading “Socialism”, “Capitalism”, “Markets”, and “Mixed Economies”…in two brief paragraphs…

Optimism versus pessimism

We aren’t “designed” at all. We are evolved which means that we are what we are, but not necessarily what we “should be”. The worship of “nature” can be as problematic as the worship of “happiness”. That being said, there are moments and situations in which being happy would be utterly psychotic. I tend to agree with Frank Zappa who said, “It’s not a matter of optimism versus pessimism. It’s a matter of accurate assessment.” However, it is usually those who are seemingly ridiculous in their optimism in the face of extreme difficulty that initiate and achieve the most daunting … Continue reading Optimism versus pessimism

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, in actuality, only important in keeping up with population growth, inflation, and the giving of raises and bonuses to already overpaid executives. If executive pay were capped and inflation and population growth controlled, economic growth would not only be unnecessary in several sectors of many … Continue reading Markets are derived from labor and natural resources, not the other way around