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Can we have competitive industries without looking the big picture? Is it useful to be "competitive" without getting reward? Give the results of production to rentiers? Competitively?
by kjr63 on Mon May 25th, 2009 at 10:38:07 AM EST
[ Parent ]
kjr63:
Is it useful to be "competitive" without getting reward?

i don't see why one can't be competitive with oneself, and one's past performance, but leave it at that. it's healthy to challenge oneself by spurring sometimes, but making one's survival being competitive with others...well how is that better than feral?

we'll never get rid of competition, but we could re-channel it, for example countries vying to become more ecologically responsible, i wouldn't mind seeing the competitive spirit exploited more in that regard!

competitive spirit can ruin relationships, brotherhoods, atmospheres, even creativity. collaboration is a much worthier entrainment, and not just _against some-thing or-one all the time...

~"When an inner situation is not made conscious, it appears outside as fate." Karl Jung~

by melo (melometa4(at)gmail.com) on Tue May 26th, 2009 at 04:17:43 AM EST
[ Parent ]
"..but making one's survival being competitive with others...well how is that better than feral?"

I don't know if i understand your argument correctly, but economy is not about competition of survival. Production creates it's own demand and the more labour is done the higher is the productivity, the less there is impoverishment.
Economy becomes survival game as a result of wealth distribution. When the fruits of labour and productivity provide wealth only to rentiers, the game starts. To those without access to rentier incomes.

by kjr63 on Tue May 26th, 2009 at 07:03:41 AM EST
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kjr63:
Production creates it's own demand
Wasn't Say's Law discredited by the existence of Depressions?

The brainless should not be in banking. — Willem Buitler
by Migeru (migeru at eurotrib dot com) on Tue May 26th, 2009 at 07:10:48 AM EST
[ Parent ]
Isn't Say's Law just a fancy way of stating that the market must always clear? The neolib version seems to me to arise from neglecting to consider that inventory buildups are also a way of making markets clear... and that particular buffer causes a particular kind of delayed feedback known as "inventory recessions."

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue May 26th, 2009 at 08:17:41 AM EST
[ Parent ]
"Wasn't Say's Law discredited by the existence of Depressions?"

That was the reason? But did how they explain depressions? No one seems to notice when it's coming?
I believe Say's Law does not work, because production creates economic rent. Land price, finance bubbles, monopolies etc. Not only labour and capital costs. If it would be so, i believe Say's Law could be quite accurate?

by kjr63 on Tue May 26th, 2009 at 12:04:15 PM EST
[ Parent ]
kjr63:
I don't know if i understand your argument correctly, but economy is not about competition of survival.

when resources were abundant and the earth was underpopulated, competition evolved for quality. now as we enter a dearth of what we took for granted, economic competition is a wasteful luxury we can ill afford.

that was the point i was clumsily trying to make.

thanks for your comment, i believe we are in agreement.

~"When an inner situation is not made conscious, it appears outside as fate." Karl Jung~

by melo (melometa4(at)gmail.com) on Tue May 26th, 2009 at 05:47:28 PM EST
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