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The Free World Charter - Page 71

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DeliCiousVP
Profile Joined September 2011
Sweden343 Posts
May 26 2012 21:22 GMT
#1401
On May 27 2012 06:18 DeepElemBlues wrote:
Man this video is hilarious. "Imagine products so well designed that they didn't need maintenance for, say, a hundred years."

Well Peter Joseph I guess you're the Wizard of Oz since you're going to suspend the laws of physics and give us products that don't need maintenance for "a hundred years." A physical impossibility (the biggest reason being the very corrosive gas known as oxygen that also happens to be necessary for animal life on this planet), but... science!


You seen the maintaince requirment of a plastic bowl? Nothing strange with what he said.
www.youtube.com/user/DeliCiousTZM
SnipedSoul
Profile Joined November 2010
Canada2158 Posts
Last Edited: 2012-05-26 21:25:02
May 26 2012 21:23 GMT
#1402
On May 27 2012 06:18 DeepElemBlues wrote:
Man this video is hilarious. "Imagine products so well designed that they didn't need maintenance for, say, a hundred years."

Well Peter Joseph I guess you're the Wizard of Oz since you're going to suspend the laws of physics and give us products that don't need maintenance for "a hundred years." A physical impossibility (the biggest reason being the very corrosive gas known as oxygen that also happens to be necessary for animal life on this planet), but... science!

Oh man and then two sentences later he calls this fantasy land of applied phlebotinum materials "a saner world." This shit is gold.


Everything will be great once scientists invent magic!

On May 27 2012 06:22 DeliCiousVP wrote:
You seen the maintaince requirment of a plastic bowl? Nothing strange with what he said.


Going from a maintenance free plastic bowl to a maintenance free car is just a matter of time, right?
JonnyBNoHo
Profile Joined July 2011
United States6277 Posts
May 26 2012 21:24 GMT
#1403
On May 27 2012 06:22 DeliCiousVP wrote:
Show nested quote +
On May 27 2012 06:18 DeepElemBlues wrote:
Man this video is hilarious. "Imagine products so well designed that they didn't need maintenance for, say, a hundred years."

Well Peter Joseph I guess you're the Wizard of Oz since you're going to suspend the laws of physics and give us products that don't need maintenance for "a hundred years." A physical impossibility (the biggest reason being the very corrosive gas known as oxygen that also happens to be necessary for animal life on this planet), but... science!


You seen the maintaince requirment of a plastic bowl? Nothing strange with what he said.


You don't wash the bowls you eat out of? Eww...
DeepElemBlues
Profile Blog Joined January 2011
United States5079 Posts
May 26 2012 21:24 GMT
#1404
You seen the maintaince requirment of a plastic bowl? Nothing strange with what he said.


Plastic: the RBE's adamantium?
no place i'd rather be than the satellite of love
DeliCiousVP
Profile Joined September 2011
Sweden343 Posts
Last Edited: 2012-05-26 21:34:15
May 26 2012 21:26 GMT
#1405
On May 27 2012 06:24 JonnyBNoHo wrote:
Show nested quote +
On May 27 2012 06:22 DeliCiousVP wrote:
On May 27 2012 06:18 DeepElemBlues wrote:
Man this video is hilarious. "Imagine products so well designed that they didn't need maintenance for, say, a hundred years."

Well Peter Joseph I guess you're the Wizard of Oz since you're going to suspend the laws of physics and give us products that don't need maintenance for "a hundred years." A physical impossibility (the biggest reason being the very corrosive gas known as oxygen that also happens to be necessary for animal life on this planet), but... science!


You seen the maintaince requirment of a plastic bowl? Nothing strange with what he said.


You don't wash the bowls you eat out of? Eww...

Why would i? the great bowl leap forward has been proven to fail seveal trillion times.

Didn't take this video long to repeat the ridiculous notion that scarcity for the vast majority of products is artificially created to create profit, in the face of all known economic theory and evidence.

[image loading]

Plastic: the RBE's adamantium?[/
+ Show Spoiler +

With one's basic survival needs met, the threat of injury or death by another human removed, and with one's exposure to a cooperative, compassionate, intellectually stimulating environment, all that remains is to allow the individual to do whatever he or she chooses to do. Granted, many individuals may choose to play video games competitively, but how is that different from football? In Korea, Starcraft, a real-time strategy game for the PC, has official leagues, professional players, and sanctioned matches aired on national tv because of its demands on a player's ability to think and react quickly – an ability that offers great respect for those who excel at it. While Maslow's hierarchy may not be completely accurate to every unique individual, it continues to be used in more general applications such as management and marketing and, in fact, has since been expanded and improved upon, as was Maslow's intent upon his initial proposal of this theory. Therefore, from a very general perspective, we can reasonably expect very robust communities for the arts and sciences, in all their forms, thus leading to a global network of individual, self-sustained cities populated by humans who are fully devoted to their passions and are physically able to pursue them, inevitably causing rapid artistic, scientific, and technological developments to be used for the betterment of all mankind.
Source http://zeitnewsblog.blogspot.se/2011/03/meeting-human-needs-how-resource-based.html

Support a RBE and go back to playing your game.
www.youtube.com/user/DeliCiousTZM
DeepElemBlues
Profile Blog Joined January 2011
United States5079 Posts
May 26 2012 21:28 GMT
#1406
Didn't take this video long to repeat the ridiculous notion that scarcity for the vast majority of products is artificially created to create profit, in the face of all known economic theory and evidence.
no place i'd rather be than the satellite of love
JonnyBNoHo
Profile Joined July 2011
United States6277 Posts
May 26 2012 21:33 GMT
#1407
On May 27 2012 06:26 DeliCiousVP wrote:
Show nested quote +
On May 27 2012 06:24 JonnyBNoHo wrote:
On May 27 2012 06:22 DeliCiousVP wrote:
On May 27 2012 06:18 DeepElemBlues wrote:
Man this video is hilarious. "Imagine products so well designed that they didn't need maintenance for, say, a hundred years."

Well Peter Joseph I guess you're the Wizard of Oz since you're going to suspend the laws of physics and give us products that don't need maintenance for "a hundred years." A physical impossibility (the biggest reason being the very corrosive gas known as oxygen that also happens to be necessary for animal life on this planet), but... science!


You seen the maintaince requirment of a plastic bowl? Nothing strange with what he said.


You don't wash the bowls you eat out of? Eww...

Why would i? the great bowl leap forward has been proven to fail seveal trillion times.


Lol very true. The Chinese were wise to get rid of the "iron rice bowl."

http://en.wikipedia.org/wiki/Iron_rice_bowl

JonnyBNoHo
Profile Joined July 2011
United States6277 Posts
May 26 2012 21:38 GMT
#1408
On May 27 2012 06:26 DeliCiousVP wrote:

[image loading]



Exactly. Small minded communists, and by extension advocates of RBE, have always incited revolution against the great spirits of capitalism, democracy and scientific progress.
DeliCiousVP
Profile Joined September 2011
Sweden343 Posts
Last Edited: 2012-05-26 21:40:25
May 26 2012 21:38 GMT
#1409
Lol very true. The Chinese were wise to get rid of the "iron rice bowl."
Go into politics you would be great at it, Might aswell enjoy it while it lasts so put your skills to good use. I wanna lol at someone going up against you in a debate.

And once you understand this direction you would defintly be used as a rhetorical weapon to fight other politician creatures at their own game.
Exactly. Small minded communists, and by extension advocates of RBE, have always incited revolution against the great spirits of capitalism, democracy and scientific progress.

Haha Oh man.
www.youtube.com/user/DeliCiousTZM
DeepElemBlues
Profile Blog Joined January 2011
United States5079 Posts
Last Edited: 2012-05-26 21:56:08
May 26 2012 21:40 GMT
#1410
On May 27 2012 06:26 DeliCiousVP wrote:
Show nested quote +
On May 27 2012 06:24 JonnyBNoHo wrote:
On May 27 2012 06:22 DeliCiousVP wrote:
On May 27 2012 06:18 DeepElemBlues wrote:
Man this video is hilarious. "Imagine products so well designed that they didn't need maintenance for, say, a hundred years."

Well Peter Joseph I guess you're the Wizard of Oz since you're going to suspend the laws of physics and give us products that don't need maintenance for "a hundred years." A physical impossibility (the biggest reason being the very corrosive gas known as oxygen that also happens to be necessary for animal life on this planet), but... science!


You seen the maintaince requirment of a plastic bowl? Nothing strange with what he said.


You don't wash the bowls you eat out of? Eww...

Why would i? the great bowl leap forward has been proven to fail seveal trillion times.
Show nested quote +

Didn't take this video long to repeat the ridiculous notion that scarcity for the vast majority of products is artificially created to create profit, in the face of all known economic theory and evidence.

[image loading]

Show nested quote +
Plastic: the RBE's adamantium?[/
+ Show Spoiler +

With one's basic survival needs met, the threat of injury or death by another human removed, and with one's exposure to a cooperative, compassionate, intellectually stimulating environment, all that remains is to allow the individual to do whatever he or she chooses to do. Granted, many individuals may choose to play video games competitively, but how is that different from football? In Korea, Starcraft, a real-time strategy game for the PC, has official leagues, professional players, and sanctioned matches aired on national tv because of its demands on a player's ability to think and react quickly – an ability that offers great respect for those who excel at it. While Maslow's hierarchy may not be completely accurate to every unique individual, it continues to be used in more general applications such as management and marketing and, in fact, has since been expanded and improved upon, as was Maslow's intent upon his initial proposal of this theory. Therefore, from a very general perspective, we can reasonably expect very robust communities for the arts and sciences, in all their forms, thus leading to a global network of individual, self-sustained cities populated by humans who are fully devoted to their passions and are physically able to pursue them, inevitably causing rapid artistic, scientific, and technological developments to be used for the betterment of all mankind.
Source http://zeitnewsblog.blogspot.se/2011/03/meeting-human-needs-how-resource-based.html
http://www.youtube.com/watch?v=Vpuv7VPb2rA

Support a RBE and go back to playing your game.


I've already explained how reducing scarcity leads to greater profit than increasing it, it's pretty basic. Larger sales with lower profit on each individual sale = more profit than smaller sales with higher profit on each individual sale.

Quote used in the movie:

"Absolute certainty is a privilege of uneducated minds and fanatics." - CJ Keyser. RBE proponents are not lacking in absolute certainty...
no place i'd rather be than the satellite of love
DeliCiousVP
Profile Joined September 2011
Sweden343 Posts
Last Edited: 2012-05-26 22:10:46
May 26 2012 21:59 GMT
#1411
On May 27 2012 06:40 DeepElemBlues wrote:
Show nested quote +
On May 27 2012 06:26 DeliCiousVP wrote:
On May 27 2012 06:24 JonnyBNoHo wrote:
On May 27 2012 06:22 DeliCiousVP wrote:
On May 27 2012 06:18 DeepElemBlues wrote:
Man this video is hilarious. "Imagine products so well designed that they didn't need maintenance for, say, a hundred years."

Well Peter Joseph I guess you're the Wizard of Oz since you're going to suspend the laws of physics and give us products that don't need maintenance for "a hundred years." A physical impossibility (the biggest reason being the very corrosive gas known as oxygen that also happens to be necessary for animal life on this planet), but... science!


You seen the maintaince requirment of a plastic bowl? Nothing strange with what he said.


You don't wash the bowls you eat out of? Eww...

Why would i? the great bowl leap forward has been proven to fail seveal trillion times.

Didn't take this video long to repeat the ridiculous notion that scarcity for the vast majority of products is artificially created to create profit, in the face of all known economic theory and evidence.

[image loading]

Plastic: the RBE's adamantium?[/
+ Show Spoiler +

With one's basic survival needs met, the threat of injury or death by another human removed, and with one's exposure to a cooperative, compassionate, intellectually stimulating environment, all that remains is to allow the individual to do whatever he or she chooses to do. Granted, many individuals may choose to play video games competitively, but how is that different from football? In Korea, Starcraft, a real-time strategy game for the PC, has official leagues, professional players, and sanctioned matches aired on national tv because of its demands on a player's ability to think and react quickly – an ability that offers great respect for those who excel at it. While Maslow's hierarchy may not be completely accurate to every unique individual, it continues to be used in more general applications such as management and marketing and, in fact, has since been expanded and improved upon, as was Maslow's intent upon his initial proposal of this theory. Therefore, from a very general perspective, we can reasonably expect very robust communities for the arts and sciences, in all their forms, thus leading to a global network of individual, self-sustained cities populated by humans who are fully devoted to their passions and are physically able to pursue them, inevitably causing rapid artistic, scientific, and technological developments to be used for the betterment of all mankind.
Source http://zeitnewsblog.blogspot.se/2011/03/meeting-human-needs-how-resource-based.html
http://www.youtube.com/watch?v=Vpuv7VPb2rA

Support a RBE and go back to playing your game.


I've already explained how reducing scarcity leads to greater profit than increasing it, it's pretty basic. Larger sales with lower profit on each individual sale = more profit than smaller sales with higher profit on each individual sale.

Quote used in the movie:

"Absolute certainty is a privilege of uneducated minds and fanatics." - CJ Keyser. RBE proponents are not lacking in absolute certainty...


Time for Diablo 3 for a while.While we await new people that are actually curious. Nice from 82% to 78% So RBE supportes risen from 18% to 22% Looks like people can be senseable after all.

http://video.google.com/videoplay?docid=3932487043163636261

ANd the answers are still here when you guys are ready to actually watch it.
www.youtube.com/user/DeliCiousTZM
JonnyBNoHo
Profile Joined July 2011
United States6277 Posts
May 26 2012 22:29 GMT
#1412
On May 27 2012 06:59 DeliCiousVP wrote:
Show nested quote +
On May 27 2012 06:40 DeepElemBlues wrote:
On May 27 2012 06:26 DeliCiousVP wrote:
On May 27 2012 06:24 JonnyBNoHo wrote:
On May 27 2012 06:22 DeliCiousVP wrote:
On May 27 2012 06:18 DeepElemBlues wrote:
Man this video is hilarious. "Imagine products so well designed that they didn't need maintenance for, say, a hundred years."

Well Peter Joseph I guess you're the Wizard of Oz since you're going to suspend the laws of physics and give us products that don't need maintenance for "a hundred years." A physical impossibility (the biggest reason being the very corrosive gas known as oxygen that also happens to be necessary for animal life on this planet), but... science!


You seen the maintaince requirment of a plastic bowl? Nothing strange with what he said.


You don't wash the bowls you eat out of? Eww...

Why would i? the great bowl leap forward has been proven to fail seveal trillion times.

Didn't take this video long to repeat the ridiculous notion that scarcity for the vast majority of products is artificially created to create profit, in the face of all known economic theory and evidence.

[image loading]

Plastic: the RBE's adamantium?[/
+ Show Spoiler +

With one's basic survival needs met, the threat of injury or death by another human removed, and with one's exposure to a cooperative, compassionate, intellectually stimulating environment, all that remains is to allow the individual to do whatever he or she chooses to do. Granted, many individuals may choose to play video games competitively, but how is that different from football? In Korea, Starcraft, a real-time strategy game for the PC, has official leagues, professional players, and sanctioned matches aired on national tv because of its demands on a player's ability to think and react quickly – an ability that offers great respect for those who excel at it. While Maslow's hierarchy may not be completely accurate to every unique individual, it continues to be used in more general applications such as management and marketing and, in fact, has since been expanded and improved upon, as was Maslow's intent upon his initial proposal of this theory. Therefore, from a very general perspective, we can reasonably expect very robust communities for the arts and sciences, in all their forms, thus leading to a global network of individual, self-sustained cities populated by humans who are fully devoted to their passions and are physically able to pursue them, inevitably causing rapid artistic, scientific, and technological developments to be used for the betterment of all mankind.
Source http://zeitnewsblog.blogspot.se/2011/03/meeting-human-needs-how-resource-based.html
http://www.youtube.com/watch?v=Vpuv7VPb2rA

Support a RBE and go back to playing your game.


I've already explained how reducing scarcity leads to greater profit than increasing it, it's pretty basic. Larger sales with lower profit on each individual sale = more profit than smaller sales with higher profit on each individual sale.

Quote used in the movie:

"Absolute certainty is a privilege of uneducated minds and fanatics." - CJ Keyser. RBE proponents are not lacking in absolute certainty...


Time for Diablo 3 for a while.While we await new people that are actually curious. Nice from 82% to 78% So RBE supportes risen from 18% to 22% Looks like people can be senseable after all.

http://video.google.com/videoplay?docid=3932487043163636261

ANd the answers are still here when you guys are ready to actually watch it.


I've already proven that the video is inaccurate. So if all the answers are in it then the answers are inaccurate and by extension the entire concept of the RBE is inaccurate as well.

Ex.
At 20:10 - "The money needed to pay the interest on loans does not exist in the economy outright" implying that default is inevitable in a monetary system since there is never enough money to pay back the debts so more money and debt need to be constantly added to prevent collapse. A pyramid scheme in essence.

This is a false statement. Interest gets paid back by money flowing through the economy. Interest is the bank's revenue, which is used to pay expenses and the owners as profits. That money then keeps flowing through the economy and becomes the debt holder's income which is then used to pay the interest.
DeepElemBlues
Profile Blog Joined January 2011
United States5079 Posts
May 26 2012 22:29 GMT
#1413
ANd the answers are still here when you guys are ready to actually watch it.


I just did spend 100 minutes of my life watching it, it's precisely the same unsupported assertions, counterfactual assertions, and terrible logic you've been dishing out here.
no place i'd rather be than the satellite of love
DeliCiousVP
Profile Joined September 2011
Sweden343 Posts
May 26 2012 22:45 GMT
#1414

I've already proven that the video is inaccurate. So if all the answers are in it then the answers are inaccurate and by extension the entire concept of the RBE is inaccurate as well.

Ex.
At 20:10 - "The money needed to pay the interest on loans does not exist in the economy outright" implying that default is inevitable in a monetary system since there is never enough money to pay back the debts so more money and debt need to be constantly added to prevent collapse. A pyramid scheme in essence.

This is a false statement. Interest gets paid back by money flowing through the economy. Interest is the bank's revenue, which is used to pay expenses and the owners as profits. That money then keeps flowing through the economy and becomes the debt holder's income which is then used to pay the interest.

Your wrong on this but no point in trying to convince you.
I just did spend 100 minutes of my life watching it, it's precisely the same unsupported assertions, counterfactual assertions, and terrible logic you've been dishing out here.

Thats a shame.

I hope time brings both of you around but in the meantime
[image loading]
www.youtube.com/user/DeliCiousTZM
JonnyBNoHo
Profile Joined July 2011
United States6277 Posts
May 26 2012 22:51 GMT
#1415
On May 27 2012 06:59 DeliCiousVP wrote:
Show nested quote +
On May 27 2012 06:40 DeepElemBlues wrote:
On May 27 2012 06:26 DeliCiousVP wrote:
On May 27 2012 06:24 JonnyBNoHo wrote:
On May 27 2012 06:22 DeliCiousVP wrote:
On May 27 2012 06:18 DeepElemBlues wrote:
Man this video is hilarious. "Imagine products so well designed that they didn't need maintenance for, say, a hundred years."

Well Peter Joseph I guess you're the Wizard of Oz since you're going to suspend the laws of physics and give us products that don't need maintenance for "a hundred years." A physical impossibility (the biggest reason being the very corrosive gas known as oxygen that also happens to be necessary for animal life on this planet), but... science!


You seen the maintaince requirment of a plastic bowl? Nothing strange with what he said.


You don't wash the bowls you eat out of? Eww...

Why would i? the great bowl leap forward has been proven to fail seveal trillion times.

Didn't take this video long to repeat the ridiculous notion that scarcity for the vast majority of products is artificially created to create profit, in the face of all known economic theory and evidence.

[image loading]

Plastic: the RBE's adamantium?[/
+ Show Spoiler +

With one's basic survival needs met, the threat of injury or death by another human removed, and with one's exposure to a cooperative, compassionate, intellectually stimulating environment, all that remains is to allow the individual to do whatever he or she chooses to do. Granted, many individuals may choose to play video games competitively, but how is that different from football? In Korea, Starcraft, a real-time strategy game for the PC, has official leagues, professional players, and sanctioned matches aired on national tv because of its demands on a player's ability to think and react quickly – an ability that offers great respect for those who excel at it. While Maslow's hierarchy may not be completely accurate to every unique individual, it continues to be used in more general applications such as management and marketing and, in fact, has since been expanded and improved upon, as was Maslow's intent upon his initial proposal of this theory. Therefore, from a very general perspective, we can reasonably expect very robust communities for the arts and sciences, in all their forms, thus leading to a global network of individual, self-sustained cities populated by humans who are fully devoted to their passions and are physically able to pursue them, inevitably causing rapid artistic, scientific, and technological developments to be used for the betterment of all mankind.
Source http://zeitnewsblog.blogspot.se/2011/03/meeting-human-needs-how-resource-based.html
http://www.youtube.com/watch?v=Vpuv7VPb2rA

Support a RBE and go back to playing your game.


I've already explained how reducing scarcity leads to greater profit than increasing it, it's pretty basic. Larger sales with lower profit on each individual sale = more profit than smaller sales with higher profit on each individual sale.

Quote used in the movie:

"Absolute certainty is a privilege of uneducated minds and fanatics." - CJ Keyser. RBE proponents are not lacking in absolute certainty...


Time for Diablo 3 for a while.While we await new people that are actually curious. Nice from 82% to 78% So RBE supportes risen from 18% to 22% Looks like people can be senseable after all.

http://video.google.com/videoplay?docid=3932487043163636261

ANd the answers are still here when you guys are ready to actually watch it.


Another error in the video.

Part 1 Section 2 "Beyond Irresponsibility"

They are only mentioning debt! How can you only mention debt?! There are assets tied to that debt as well!!

Total Debt in US = ~2.8X GDP ($40.85 Trillion)
Source: http://www.economist.com/blogs/graphicdetail/2012/01/daily-chart-8
Total Assets in US (households only) = $72 Trillion
Source: http://www.federalreserve.gov/releases/z1/current/z1r-5.pdf

So there's a (conservative) net worth of $30 trillion. Or you can just go with the Fed's number of $58 trillion in net worth.

Debt is not in and of itself a bad thing! The more factories, roads and buildings you have the more debt you will have because you will use debt to partially finance the construction. As long as it is used wisely debt can be a good thing!


Toasterbaked
Profile Blog Joined September 2011
United States160 Posts
Last Edited: 2012-05-26 22:56:23
May 26 2012 22:55 GMT
#1416
On May 27 2012 05:50 DeliCiousVP wrote:
Show nested quote +
On May 27 2012 05:46 Toasterbaked wrote:
On May 27 2012 04:50 DeliCiousVP wrote:
You still did not explain how unemployment is not rising exponentially with the exponential growth of technology. All you did was explain why you think it should. It is not. Can you find me a graph/statistic that shows the exponential increase in unemployment?

They are not taking into account jobs that have been automated earlier such ATM personal but rather what is currently automated.
http://realitypod.com/2010/10/statistics-show-how-robots-are-increasing-unemployment/
Obviously we have bunch of sources on this in the Z sites but this time ill offer a less accurate soruce without a Z in it.

I cant answer questons that are negatives/Invalid/answered look back to what i answered before and remember if you do not look at the material represented to you, odds are your question will remain unanswered to you.

You do not take into account that the creation and the development of robots create new jobs. The article only shows the jobs replaced by robots, rather than the general unemployment rate (accomodating the new jobs and the amount of jobs lost).

I've followed this thread for a long time, and the reason I asked such questions were because I felt that you could not answer them sufficiently. Even if you feel that you have answered these questions, can you answer again?

How will you fully automaticise society in the next few years?

What will happen when there is a lack of people that do a critical job to the function of society? (such as looking over and maintaining robots)

Nothing about the RBE can be applied if it cannot work.

http://video.google.com/videoplay?docid=3932487043163636261

A video link doesn't answer my questions. Please, as I've said earlier, take the facts out of the video that you wish to present and write them down in your post.

It seems that you are avoiding my questions because you have no answer to them...
Aka lossmule.sky in east
JonnyBNoHo
Profile Joined July 2011
United States6277 Posts
May 26 2012 22:59 GMT
#1417
Video Error #3

Part 1, Section 2 "The Ultimate Outsource"

All that is being demonstrated is that capitalism is great at automating things - so it's already doing what RBE wants.

Furthermore it says that we have stopped adding jobs to the service sector which isn't true. The service sector is expanding and and is projected to continue expanding.

http://bls.gov/news.release/pdf/ecopro.pdf
JonnyBNoHo
Profile Joined July 2011
United States6277 Posts
May 26 2012 23:09 GMT
#1418
Skipped ahead for Video Error #4

Part 3, Section 1

"Industry and Labor" - Step 3 "Optimization of Production Methods"

There is no cost benefit analysis! You can't just 'assume' that a machine is more efficient. The entire premise is based on a huge selection bias.

-- Current automation shows that machines are more efficient - therefore machines are always more efficient! --

What a herp-derp statement! Of course machines currently in use are more efficient - businesses wouldn't use them otherwise!!!! Businesses use price data along with technical data to use machines only where it is more efficient. Take away the price system and machines will be used where they are not efficient as well!
DeliCiousVP
Profile Joined September 2011
Sweden343 Posts
Last Edited: 2012-05-26 23:24:29
May 26 2012 23:13 GMT
#1419
A video link doesn't answer my questions. Please, as I've said earlier, take the facts out of the video that you wish to present and write them down in your post.

It seems that you are avoiding my questions because you have no answer to them...

What specific question is that? i can micromanage perhaps but sometimes you need a certain base knowledge to understand certain parts if you lack context and refrences some infromation is useless because you cant structure it.
www.youtube.com/user/DeliCiousTZM
JonnyBNoHo
Profile Joined July 2011
United States6277 Posts
May 26 2012 23:33 GMT
#1420
On May 27 2012 07:45 DeliCiousVP wrote:

Show nested quote +
I've already proven that the video is inaccurate. So if all the answers are in it then the answers are inaccurate and by extension the entire concept of the RBE is inaccurate as well.

Ex.
At 20:10 - "The money needed to pay the interest on loans does not exist in the economy outright" implying that default is inevitable in a monetary system since there is never enough money to pay back the debts so more money and debt need to be constantly added to prevent collapse. A pyramid scheme in essence.

This is a false statement. Interest gets paid back by money flowing through the economy. Interest is the bank's revenue, which is used to pay expenses and the owners as profits. That money then keeps flowing through the economy and becomes the debt holder's income which is then used to pay the interest.

Your wrong on this but no point in trying to convince you.


How am I wrong? Because you say so?

One person's expense is another person's income. The reverse is also true - a person's income is another person's expense.

In such a way money flows through the economy. One person pays another who pays another and so on.

Same with banking. A bank's revenue is it's income (another person's expense) which is then used to pay other people. So a bank collects interest which is then used to pay other people or gets redeposited. So no, money does not need to be increased as a matter of fact in some endless pyramid scheme.
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