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Topic	82 percent of all wealth generated in 2017 went to the 1 percent
FLUFFYGERM 01/25/18 2:08:33 PM #25:	Darkman124 posted... FLUFFYGERM posted... Technically you're both missing the real key behind finite/infinite wealth, imo. What makes wealth potentially infinite is the amount of physical resources we can leverage to expand our economies and increase our standard of living. We haven't scraped the surface of what we can do with just earth's resources, let alone the moon's or asteroids or etc. the appreciation of that value is psychology and the resultant equity valuation of the company that exploits these resources it is in no way driven by quantity of fiat currency. resource exploitation is only one kind of business; facebook/google/etc don't really do much with physical resources but rather with services. service has innate value but it is not a resource to extract from the ground. there is a way in which the quantity of fiat currency can drive appreciation of value. IE you can print a lot of fiat and avoid the real bad inflation...by exporting your currency/inflation to other countries mindblown --- but Marxist theory is extremely consistent, both internally and with reality. -averagejeol <cite>FLUFFYGERM posted [p:894783636] in 82 percent... [t:76241282]...</cite> <quote><cite>Darkman124 posted...</cite> <quote><cite>FLUFFYGERM posted...</cite> <quote>Technically you're both missing the real key behind finite/infinite wealth, imo. What makes wealth potentially infinite is the amount of physical resources we can leverage to expand our economies and increase our standard of living. We haven't scraped the surface of what we can do with just earth's resources, let alone the moon's or asteroids or etc.</quote> the appreciation of that value is psychology and the resultant equity valuation of the company that exploits these resources it is in no way driven by quantity of fiat currency. resource exploitation is only one kind of business; facebook/google/etc don't really do much with physical resources but rather with services. service has innate value but it is not a resource to extract from the ground.</quote> there is a way in which the quantity of fiat currency can drive appreciation of value. IE you can print a lot of fiat and avoid the real bad inflation...by exporting your currency/inflation to other countries mindblown --- but Marxist theory is extremely consistent, both internally and with reality. -averagejeol</quote> ... Copied to Clipboard!
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