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Post by Admin on Aug 20, 2019 2:03:49 GMT
Ok, we're basing economics on a paradigm of STUFF based on 19th century thinking. I believe the entire system is wrong. Fundamentally economics is not about stuff but about the connections between stuff. So, there is supply chain and consumer chains. There are links connecting people. This is the fundamentals of economics. Demand is like voltage, but it's a bit hard to pin down and this is true of conventional economics too. BUT with an economics based on connections instead of stuff. There does not have to be scarcity. Having a lot of connections is the goal. Severing them leads to economic woes. So, if a country that is anything other than huge has its connections to the rest of the world severed. They go into hyperinflation and worse. If a country has a lot of connections it is hard for it to get into economic troubles. If a country has a monopoly this is bad for connections. And having people leaving economic participation is bad and the social safety net is just to prevent that on an individual by individual basis.
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