Comments on: Wealth Creation and the Zero-Sum Fallacy http://www.coyoteblog.com/coyote_blog/2007/04/wealth_creation.html Dispatches from a Small Business Sun, 12 Feb 2012 02:42:00 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Known http://www.coyoteblog.com/coyote_blog/2007/04/wealth_creation.html/comment-page-1#comment-5447 Known Wed, 25 Apr 2007 08:59:50 +0000 http://coyote-blog.com/wordpress/2007/04/wealth_creation.html#comment-5447 <p>The solution is quite simple.</p> <p>Prevent race to the bottom.<br /> http://en.wikipedia.org/wiki/Social_safety_net</p> <p>Promote race to the top.<br /> http://researchnews.osu.edu/archive/inmotiv.htm</p> The solution is quite simple.

Prevent race to the bottom.
http://en.wikipedia.org/wiki/Social_safety_net

Promote race to the top.
http://researchnews.osu.edu/archive/inmotiv.htm

]]> By: rufus http://www.coyoteblog.com/coyote_blog/2007/04/wealth_creation.html/comment-page-1#comment-5446 rufus Wed, 25 Apr 2007 01:29:15 +0000 http://coyote-blog.com/wordpress/2007/04/wealth_creation.html#comment-5446 <p>There is much consternation, presently, about Global "Liquidity." There is great wailing, and gnashing of teeth that this has to be a harbinger of massive "inflation," on the way.</p> <p>The fact that this "liquidity" is simply profits that are a result of an incredible increase in world-wide productivity is a concept that is, seemingly, almost impossible to grasp.</p> <p>BTW, don't overlook "Moores Law," and similar expressions of the quantum leaps of technology to explain all this. I read, somewhere, that half of all the Scientists that have ever lived are plying the trade, today.</p> There is much consternation, presently, about Global “Liquidity.” There is great wailing, and gnashing of teeth that this has to be a harbinger of massive “inflation,” on the way.

The fact that this “liquidity” is simply profits that are a result of an incredible increase in world-wide productivity is a concept that is, seemingly, almost impossible to grasp.

BTW, don’t overlook “Moores Law,” and similar expressions of the quantum leaps of technology to explain all this. I read, somewhere, that half of all the Scientists that have ever lived are plying the trade, today.

]]> By: Roy Lofquist http://www.coyoteblog.com/coyote_blog/2007/04/wealth_creation.html/comment-page-1#comment-5445 Roy Lofquist Tue, 24 Apr 2007 22:53:07 +0000 http://coyote-blog.com/wordpress/2007/04/wealth_creation.html#comment-5445 <p>Dear Sir,</p> <p>Wealth as a zero sum game is not an intellectual conclusion but rather an artifact of history. A deeply ingrained artifact. It is expressed in most all religious doctrine. For the Judeo-Christians it is the camel and the eye of a needle. There are similar shibboleths in all of the major religions. Indeed, it was essentially correct until the 1850's or so. The earliest glimmerings of the new reality were Fulton's steamboat and Whitney's cotton gin. The "creation of wealth" has been with us for 100 years of man's 6,000 years of recorded history. It remains the overwhelmingly predominant fulcrum of all current political debate. It takes 4-5 generations for changes of fundamental belief. Witness the end of the Civil War (1865) to the passage of the major civil rights legislation in 1994. Note, also, that the US (and in a minor way England) is the only society that this has been operant for any period of time. It will be a long, long time before the reality of wealth creation becomes the accepted wisdom. In the mean time we must soldier on.</p> <p>Regards,<br /> Roy</p> Dear Sir,

Wealth as a zero sum game is not an intellectual conclusion but rather an artifact of history. A deeply ingrained artifact. It is expressed in most all religious doctrine. For the Judeo-Christians it is the camel and the eye of a needle. There are similar shibboleths in all of the major religions. Indeed, it was essentially correct until the 1850′s or so. The earliest glimmerings of the new reality were Fulton’s steamboat and Whitney’s cotton gin. The “creation of wealth” has been with us for 100 years of man’s 6,000 years of recorded history. It remains the overwhelmingly predominant fulcrum of all current political debate. It takes 4-5 generations for changes of fundamental belief. Witness the end of the Civil War (1865) to the passage of the major civil rights legislation in 1994. Note, also, that the US (and in a minor way England) is the only society that this has been operant for any period of time. It will be a long, long time before the reality of wealth creation becomes the accepted wisdom. In the mean time we must soldier on.

Regards,
Roy

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