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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: Maurice Winn who wrote (27921)1/26/2003 8:33:36 PM
From: LLCF  Read Replies (1) | Respond to of 74559
 
<Aztecs, Eskimoes, Incas and company had the whole north and south American continents for a few thousand years and ALL of the resources to themselves. >

I was thinking vs Europe... ie. apples vs apples in the culture world.

<Economics is simple. Civilized, intelligent, creative, energetic people do very well, with our without free resources. >

Except they do better with them... no doubt.

DAK



To: Maurice Winn who wrote (27921)1/26/2003 8:39:58 PM
From: LLCF  Respond to of 74559
 
<Aztecs, Eskimoes, Incas and company had the whole north and south American continents for a few thousand years and ALL of the resources to themselves. >

I was thinking vs Europe... ie. apples vs apples in the cultural world. Native Americans didn't exactly give a rats ass about what most Westerners think of as 'wealth'.

<Therefore, we can't chalk up the success of the USA to free resources.>

No, actually all we CAN say is we can't say that at all. In fact we can go further and say that at least SOME of what you would call 'sucess' [ie. comparitive success] was DEFINITELY due to free resources.

<Economics is simple. Civilized, intelligent, creative, energetic people do very well, with our without free resources. >

Except they do better with them... no doubt.

DAK



To: Maurice Winn who wrote (27921)1/27/2003 11:02:40 AM
From: Hugh A  Read Replies (2) | Respond to of 74559
 
Free resources are becoming less and less important...

Not only are free resources becoming less and less important, at some point in the future they will essentially be free. Virtually all resources over the past 200 years have declined in relative value and their use has declined per unit output. Lift a colour TV from the '70s, then lift the same TV from the '00s - probably 1/3 of the resources are used today for the same product.

Whatever you do, don't tell the politicians about Gibbs Free Energy!

Hugh A.