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Originally Posted by aceventura3
I still don't understand why you fail to acknowledge some of the most basic concepts in economics.
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The irony here is painful. My comments are in response to your myopic view of economics.
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Is it really a fantasy to accept that real economic growth comes from real wealth creation?
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No.
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Is it really a fantasy to want capital allocated in a manner that derives the best returns for a society?
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No.
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Perhaps the fantasy is yours as you seem to always put your faith and trust in a few selected political leaders.
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False.
The problem, ace, is that you credit holders and users of capital solely for "real wealth creation" whilst making the astounding and staggering error of assuming that by simply being a holder and user of capital that you can create wealth. Wealth cannot create more wealth on its own. If you shoot a million dollars to the moon, 100 years later it will still be a million dollars.
You conveniently leave an integral part out of the equation and seem to assign a kind of mythology to entrepreneurs, as though they are the patron saints of wealth and dole it out by their good graces.
It's not difficult. Wealth is created not by capital alone. Capital is applied to things such as labour and land, which, in turn, create the wealth.
It's Economics 101.
I'd take you more seriously if you'd demonstrate a sounder understanding of basic economics. I assume you do have a grasp on basic economics, so it makes me think that you simply choose to undermine the value of labour. From a business perspective, labour has a price and productivity value, sure, but from a social and political perspective there are other factors to labour.
For example, if those who make up the labour pool have instability financially, socially, politically, or biologically, it presents widespread problems. These problems are often downplayed if not overlooked in business. The more forward-thinking companies don't, but most do.