Corpania Ideas

CAVEAT! I'm an amateur philosopher and idea-generator. I am NOT an investment professional. Don't take any of my advice before consulting with an attorney and also a duly licensed authority on finance. Seriously, this my personal blog of random ideas only for entertainment purposes. Don't be an idiot.

Wednesday, October 20, 2010

Why Can't Scientists & Inventors Claim Credit for Human Progress?

Here is a quick burst of ideas I plan to explore in greater depth someday...

Explain to me why scientists & inventors can't lay claim to the lion's share of credit for the improvements to life in the past 100 years.

I believe in Capitalism but not in "Unfettered Free Markets". Show me the UFM that supposedly created a "net benefit" to humanity without scientists & inventors.

Conversely, show me how China's protectionist rules have been a "net detriment" to itself.

Why do people who claim "Unfettered Free Markets have created the greatest wealth compared to any other system..." get a free-pass such that they get to coast on correlation without proving causality?

FINALLY...Trade Deficits do matter when your currency becomes devalued because you end up paying a greater and greater share of your country's wealth for a smaller and smaller net benefit that was created by another country.

Blog Archive