You've clearly never taken physics. The First Law of Thermodynamics states that wealth can neither be created nor destroyed, only rearranged.
So if the Chinese make more money it necessitates that we make less.
QED
Also the 50s clearly were the glory days. Ask anyone who was bombed out Europe, ask those dying in China, ask the Russians in the Gulags and the oppressed Eastern Europeans etc. Clearly good times to be had by all.
The clowns don't get out of the box before stepping on their own puds.
The zero-sum assumption (I like that application of the 1st law of thermodynamics, Warren) is provably false. If there was only one country in the world, and no borders (easy Ron Paul, this is hypothetical) such thinking assumes the standard of living could never improve.
Putting a billion people into a huge country filled with natural resources, you could never create wealth through internal transactions, funding the creation of new cities. Farmers trading food for machinery would never gain wealth, restaurants selling that food as prepared meals couldn't generate a profit. I suppose everyone would just lay down and wait for death.
The authors of that blog are described as highly edumacated analysts and economists. They're entitled to a full tuition refund.
3 comments:
So, now we know: whenever there is a trade, the party getting Jobs is screwing the other...
Er, wait. That must be the international rule; surely local employers are screwing over Labor.
Ah, now I have it: whenever there is trade, the party we don't like is screwing the other! Simple.
The article got one thing half right: there IS "perpetual ineptitude of the leaders" all around.
You've clearly never taken physics. The First Law of Thermodynamics states that wealth can neither be created nor destroyed, only rearranged.
So if the Chinese make more money it necessitates that we make less.
QED
Also the 50s clearly were the glory days. Ask anyone who was bombed out Europe, ask those dying in China, ask the Russians in the Gulags and the oppressed Eastern Europeans etc. Clearly good times to be had by all.
The clowns don't get out of the box before stepping on their own puds.
The zero-sum assumption (I like that application of the 1st law of thermodynamics, Warren) is provably false. If there was only one country in the world, and no borders (easy Ron Paul, this is hypothetical) such thinking assumes the standard of living could never improve.
Putting a billion people into a huge country filled with natural resources, you could never create wealth through internal transactions, funding the creation of new cities. Farmers trading food for machinery would never gain wealth, restaurants selling that food as prepared meals couldn't generate a profit. I suppose everyone would just lay down and wait for death.
The authors of that blog are described as highly edumacated analysts and economists. They're entitled to a full tuition refund.
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