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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: SilentZ who wrote (364277)	12/24/2007 10:33:18 AM
From: Taro	Read Replies (1) \| Respond to of 1575605

That is not correct seen over a longer time. In economics the funds available to the entity in question at any specific time is indeed limited. Economics is all about how to make the best out of that situation within the event horizon in question. So I seriously doubt your teachers taught you about the whole pie being limited though. Had that been the case teaching economics would be equal to teaching organized robbery. Taro

To: SilentZ who wrote (364277)	12/24/2007 10:54:49 AM
From: tejek	Read Replies (2) \| Respond to of 1575605

>I never said the pie was limited. All I am saying is that the rich are taking more than their fair share. Except, of course, the pie IS limited. That's the point (and basically the definition) of the study of economics. I think that's one school of thought but I firmly disagree. I happen to believe philosophically and practically that as the population grows, as new ideas and inventions are fomented and developed, and as new investments from gov't and private firms occur, that pie continues to grow. I think the problem we are seeing now and have seen at other times in our history is that rate at which the wealth of the richest 1-5% is growing is higher than any other segment of the population. Hence, their share of the pie is growing at the expense of the other segments. Their greediness is throwing things out of balance and needs to stop. I believe that when that balance is disturbed to the extreme, that is when revolutions occur.