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Re: The Negative-Sum Economy

By: Zimbler0 in 6TH POPE | Recommend this post (0)
Fri, 17 Sep 21 12:18 AM | 23 view(s)
Boardmark this board | 6th Edition Pope Board 		Msg. 24014 of 60008
(This msg. is a reply to 23993 by Decomposed)
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Decomposed > The author suggests that there is a problem with looking at money, bitcoins and even gold as a means to protect one's personal standard of living.


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Zim.




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The above is a reply to the following message:
Re: The Negative-Sum Economy
By: Decomposed in 6TH POPE
Thu, 16 Sep 21 4:35 AM 		Msg. 23993 of 60008

Zimbler0:

Re: “Can you give me some examples of 'illth'”I think the author defined "wealth" as the good things in our lives or our country's status. "Illth" is the bad things. When the good exceeds the bad at an increasing rate, a nation grows wealthier. When the opposite occurs, the nation grows poorer.

The author uses the example of "smog" when describing illth. Examples I can think of for these phenomena are aquifers and magma. If a large water aquifer is found, that's a good thing. If a bunch of magma impedes getting at that water, that's a bad thing. If the obstacles to getting to the aquifer exceed the value of the water, reaching the water produces no wealth at all.

The author thinks the the availability of usable coal and oil led to a period of enormous wealth gain for the world. But the natural course of things is for periods of wealth gain to be followed by periods of illth gain. Since he thinks that's what's been going on for some time, the bottom line is ... watch out!

The author also believes there is no "token" that will protect wealth in a period where illth growth exceeds wealth growth. He's probably right. Without having ever given any thought to "wealth" versus "illth," I think I got lucky and still did what's best. A long time ago, I decided that the best investment for my future is one that holds a good chunk of its value AND is usable or even fun. For me, that's land. I love land. The view, the resources, the utility it provides... all make me happy. And I don't see my land ever turning into something that won't be marketable should I decide that I don't want it anymore. The author suggests that there is a problem with looking at money, bitcoins and even gold as a means to protect one's personal standard of living.

Next month, I have a feeling the author will pen a follow-up and I wouldn't be surprised if he advocates something along the lines of what I've done.

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