Creating wealth

Discussion in 'Economy' started by Avatar4321, May 9, 2010.

  1. Avatar4321
    Offline

    Avatar4321 Diamond Member Gold Supporting Member

    Joined:
    Feb 22, 2004
    Messages:
    70,537
    Thanks Received:
    8,161
    Trophy Points:
    2,070
    Location:
    Minnesota
    Ratings:
    +12,152
    How do you do it?

    More to the point, what is wealth?

    Discuss.
     
  2. JBeukema
    Offline

    JBeukema BANNED

    Joined:
    Apr 23, 2009
    Messages:
    25,613
    Thanks Received:
    1,703
    Trophy Points:
    0
    Location:
    everywhere and nowhere
    Ratings:
    +1,705
    I convince you to want something.

    It is now of value to you.

    Therefore, it is of value to me as something I can offer you in trade for something I want.

    [​IMG]

    [​IMG]
     
  3. blu
    Offline

    blu Senior Member

    Joined:
    Sep 21, 2009
    Messages:
    6,836
    Thanks Received:
    774
    Trophy Points:
    48
    Ratings:
    +774
    ahh the ambiguous "you". does "you" in this case mean personally, or as a community/state/nation, as an economic system, or what?

    this could be a cool thread
     
  4. editec
    Offline

    editec Mr. Forgot-it-All

    Joined:
    Jun 5, 2008
    Messages:
    41,427
    Thanks Received:
    5,598
    Trophy Points:
    48
    Location:
    Maine
    Ratings:
    +5,617

    I'm recycling the dustbin of history (illustrated literature from the golden age of the book) and throwing in some "added value" in the form of translations of same.

    What is wealth?

    That stuff that humankind finds useful.

    And in one respect, Karl Marx was right.

    All of it, even if it is nothing more than a raw material taken from nature, demands a human interaction with it to give it meaningful value as wealth to us.

    Undiscovered gold, for example, has no value.

    When it is discovered, (the human workers' mind) it might become wealth.

    When it is mined and refined (the human worker's hand) THEN it is truly wealth.

    Not before those events take place does it have any value.
     
  5. industry7
    Offline

    industry7 Member

    Joined:
    Apr 8, 2010
    Messages:
    55
    Thanks Received:
    7
    Trophy Points:
    6
    Ratings:
    +7
    Wealth is goods that people value, ie things they want and need. Food, clothing, homes, cars, cd players, are all wealth. So when our economy started to shift from manufacturing to services, the real wealth of this country started to go down.
     
  6. rdean
    Offline

    rdean rddean

    Joined:
    Aug 9, 2009
    Messages:
    60,013
    Thanks Received:
    6,878
    Trophy Points:
    1,840
    Location:
    chicago
    Ratings:
    +14,883
    Creating wealth - manufactured goods or a "service" sold at a "profit".

    Health care companies provide neither. They simply skim money off of policies.
     

Share This Page