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Originally Posted by aceventura3
You confuse me? Are you saying that Edison in general and specifically the commercialization of electric light was not a major change in living standards in the world? Was this not a major and measurable incremental step in the creation of wealth in the world?
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I'm not saying that. I'm pointing out to you, again, that the wealth has to come from somewhere. Did you know that Johannes Gutenberg went bankrupt despite inventing the printing press? However, over 500 years later, I sit here five days a week working in the book publishing industry. I help create "real wealth" by offering my editorial and marketing expertise. And the Ontario government understands this, as with every $1 they invest in the Ontario industry, over $10 in local economic activity is generated. I'm proud to be a part of that wealth creation.
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There is real data regarding the costs and results of various education systems both public, private in the US and in other nations. some systems are clearly more efficient than others. If a system is inefficient, that condition may be true and have absolutely nothing to do with needing more money. My point is that simple. In my view, it seems so obviously true, I don't understand why there is a need to state it. Yet, here and in this country just asking the question regarding a school system improving through being more efficient without additional money comes across as if one is asking for the impossible. Or, it you ask the question, you are a mean person who doesn't like the "children!"
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I don't understand the issues of education in the U.S., but I'm inclined to believe it's a far-reaching issue that involves both problems of efficiency and lack of funding. It's probably also based on a wider problem of poverty.
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Do some of your own homework and find-out.
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Or you could just tell me. I'm not doing any work without earning credits.
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Can you be specific. I agree that I have some "myopic" views, including some on economics, but they all are not - and when I have a "myopic" view I will admit it. anyone who reads what I write can clearly see that I fully believe that there is a role for government and that government can do some things more efficiently than the private sector.
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You removed one side of the equation with regard to wealth creation. You need more than just capital and a good idea to create wealth. Will you discuss the other side of the equation sometime?
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I have never stated that, nor implied it.
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You have implied it by omission, and more than once in more than one thread.
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Again, I specifically say something like - there is a difference between wealth creators and those who get wealthy... - I emphasize that there are those who create real wealth...Etc, and in return you state "Wealth cannot create more wealth on its own" - well I don't even know what you wrote means! so perhaps your statement is correct, but it is not responsive to anything I have written here.
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The confusion I think lies in what you state as the factors that create wealth.
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I am being "myopic" when I say to me entrepreneurs are the patron saints of wealth creation. The truth is, people other than entrepreneurs can and do create wealth and history has many examples of that. for example in another post I mentioned the peanut. George Washington Carver, was an educator who developed scores of new uses for the peanut, as a result of his work wealth was created.
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How was the wealth created?
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Secondly, entrepreneurs, don't do what they do out of "good graces", they do it for a profit. the motive for profit has been a net good for the human race. I understand that reasonable people can disagree on that.
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This is beside the point.
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You don't need to take me seriously. If you don't like my style, examples, questions or whatever, who cares? It is the economic theory behind my posts that matters. If I distract you from that, it seems to me, as they say, its a you problem, not a me problem.
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I'll admit to a problem. I admit that I have a problem understanding your economic theory. You have yet to demonstrate a rudimentary understanding of how wealth is created.
Do you know how wealth is created?
Let's start with the definition of "real wealth creation" and how it differs from other forms of wealth creation.
---------- Post added at 08:27 PM ---------- Previous post was at 08:25 PM ----------
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Originally Posted by Willravel
Mein Deutsch ist nicht besonders gut, but I have to say that the idea of owning and operating a business in Munich or Dresden has serious appeal. Germany's stable economy and friendly business environment, along with superior social programs, make me even more frustrated working in the United States. Sure, I pay lower taxes here, but taxes aren't the end-all be-all of life, and it seems like there are massive hidden costs to our lower-tax system, including emerging oligarchy and the slow death of our economy at the hands of investment bubbles.
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Canada is a good stepping stone to Europe. Try us; you'll love it.
