Posted 1 year ago on Jan. 20, 2020, 9:26 a.m. EST by agkaiser
from Fredericksburg, TX
This content is user submitted and not an official statement
Nothing can be made from nothing. In the world of words, numbers and other abstractions, infinite growth is possible. In reality, the world of things, zero sum restraints always apply.
If ten people in a box have ten units of material things [the total real wealth of the community] to support their lives and one unit each is required for survival, what happens if one person owns nine of them. And remember: the nine non owners do all the work to produce and distribute the goods and services that the rentier owns. Would that one be considered good if he loaned the necessary units to the others and charged them interest?
Where would the interest come from. It could be entered on the ledger but that is an abstraction; it's not a thing. If the things were represented by tokens, more tokens, like the marks in the books, could always be created and loaned out or otherwise distributed. But such additional abstractions could still represent only ten things. Right here and now, the world of real things is always a zero sum game.
Given the system by which things are acquired, we realize that if 90 more things are created, "The One" will end up owning at least 95 of them. That's the nature of business. Don't even try to deny it. So while there may be instances in which living conditions are better than elsewhere, there is presently nowhere that can be said to be working well for all ten of us.