Matthew Rosewarne on 27 Oct 2007 03:52:36 -0000 |
On Friday 26 October 2007, Toby DiPasquale wrote: > Markets are not zero sum and they have never been. Wealth is not zero sum; > it can be created and destroyed. The trade that you describe is not a > waste because it creates wealth in both directions of trade. Again, please > read the Econ101 textbook. Look, there's no reason to make this hostile. I am fully aware of the principles of market captialism and did not refute them. I also just stated that the market is _not_ zero-sum. I do, however, consider the current trend to abandon industry in the US to be a very costly mistake in the long term, regardless of its positive short term impact. Can I say for sure? Absolutely not, only time can determine that. I was hoping to reply to your above post as well, but if you're going to disregard everything I say, I don't see the point in trying. I'm sorry if I've not been clear, I thought I had been, but misrepresenting my words doesn't make for a reasonable dialogue. Attachment:
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