October 25, 2006

Something for Nothing?

It is hard to complain about the economic philosophy of Gary North because it hits on most cylinders. You cannot get something for nothing is today's theme. It follows that Gary's economic laws can be compared to physics laws and they hold up well. Matter is neither created or destroyed. But - i will complain about the mindset that everything must be viewed in terms of profitability. When i change the nomenclature on this one to something more noble and chemical, it still sounds like one person's profit must come from another's expense. Since the game is zero sum - then anything gained must come from something that loses. Time to invent a new game - even though Gary earns his gain by hard work that others do not seem willing or able to do, the old mindset of whoever has the most toys wins strikes through.

Whoever dies with the most toys still dies, and keeping that person alive is not the name of the game. The economic form expressed through pure barter seems better than one where price is set by middle players in a game where their connectivity is their profitability, not their work. Application of interest to a popular niche washes out the ability to score big. Work could be optional, but what is responsibility worth? How do people who have so little ability end up with high paying jobs where they get to boss other people around? Oh - they all work for government? or corporations? Maybe i'm just experiencing a jambed pipeline or something, but when it breaks it will immediately hit the fan. Cause you can't get something for nothing.

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