Maybe we haven't uncovered the common ground necessary to establish "the most fundamental concepts"?The frightening thing is that we HAVE to, GP.
I make a statement that no economist in the UNIVERSE would take exception to, and some completely ignorant nitwit here imagines that such a statement is an assult on capitalism?
One way or the other, in EVERY economic system that is a GOING CONCERN, capital or resources MUST BE put aside for FUTURE endeavors.
In our system, the folks who put asdide that capital, do so from the profits made today.
Those profits are generally the result of paying workers LESS than 100% of the value of their labor.
Now there's isn't a serious economist no matter how conservative they are, who would question that.
But in this place, a place loaded with constitutional scholars who never studiued the law, and economic theorists who never studied economics, even the most apodectic truthm the most pedestrian of observations is questioned by people wholly ignorant of what is being disucssed.
Hence instead of having real discussions, this boards completely cluesless serves up the same old stupid content FREE arguments daily.
Jesus people, READ A FUCKING BOOK!
I own 3 corporations. Tell me how I put "capital and resources aside for future endeavors"?
And how does a corporation or business put aside ANY CAPITAL OR RESOURCES if they are not making a profit?
'Splain that one.
Your one size fits all analysis is absurd.