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.
Production creates it's own demand
- Jake If you only spend 20 minutes of the rest of your life on economics, go spend them here.
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?
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~
