Donate Bitcoin

Donate Paypal


PeakOil is You

PeakOil is You

Where does wealth come from?

Discussions about the economic and financial ramifications of PEAK OIL

Re: Where does wealth come from?

Unread postby mattduke » Mon 27 Oct 2008, 14:18:55

If you have to ask where wealth comes from, you obviously haven't been creating much.
User avatar
mattduke
Intermediate Crude
Intermediate Crude
 
Posts: 3591
Joined: Fri 28 Oct 2005, 03:00:00

Re: Where does wealth come from?

Unread postby Quinny » Mon 27 Oct 2008, 14:25:16

Certainly not recently! :(

I've made a lot of money in my time, but only within the current system.

So are you saying the original premise is wrong?

$this->bbcode_second_pass_quote('mattduke', 'I')f you have to ask where wealth comes from, you obviously haven't been creating much.
Live, Love, Learn, Leave Legacy.....oh and have a Laugh while you're doing it!
User avatar
Quinny
Intermediate Crude
Intermediate Crude
 
Posts: 3337
Joined: Thu 03 Jul 2008, 03:00:00

Re: Where does wealth come from?

Unread postby Javaman » Mon 27 Oct 2008, 16:08:42

$this->bbcode_second_pass_quote('Quinny', 'R')ead it. What's to get back to you about?


Give us a short paragraph that summarizes the article, so that we'll know you understood it.
User avatar
Javaman
Lignite
Lignite
 
Posts: 261
Joined: Wed 18 Jun 2008, 03:00:00

Re: Where does wealth come from?

Unread postby Quinny » Mon 27 Oct 2008, 16:40:53

Please sir can I do my tables instead?

Cheeky B*gger!

The credit is only needed because of the f*cked up system that permates all our industry including agribusiness.

$this->bbcode_second_pass_quote('Javaman', '')$this->bbcode_second_pass_quote('Quinny', 'R')ead it. What's to get back to you about?


Give us a short paragraph that summarizes the article, so that we'll know you understood it.
Live, Love, Learn, Leave Legacy.....oh and have a Laugh while you're doing it!
User avatar
Quinny
Intermediate Crude
Intermediate Crude
 
Posts: 3337
Joined: Thu 03 Jul 2008, 03:00:00

Re: Where does wealth come from?

Unread postby charliebrownout » Mon 27 Oct 2008, 16:54:26

$this->bbcode_second_pass_quote('Quinny', 'O')K - there's a lot on this board who know a helluva lot more than me about the stock market and investing, but where does wealth originate.

It's my belief that all wealth comes from the application of labour to the earths natural resources to create useful goods.

All the other layers basically mask the fact that the workers are the creators of wealth.

Anyone disagree?


The Archdruid Report has a wonderful post on "abstraction". It is definitely worth a read.

Fiat money, I think, has something to do with pixie dust. To my understanding, the "credit crunch" or "market downturn" or "depression" or "meltdown" caused all the pixies to die off en masse.

Now, some folks are trying to get other folks to clap and shout "I do believe in fairies, I do, I do" but no one really believes in pixies or fairies all that much any more.

So, we're in trouble.

As for your thoughts on "real wealth"...I agree. Real wealth is tangible and doesn't involve fuzzy math.

Of course, I could be wrong, but I don't think so.

As for what is actually valuable in this life. I would say love, and the ability to live simply and in harmony with nature/your fellow man.
User avatar
charliebrownout
Lignite
Lignite
 
Posts: 290
Joined: Thu 17 Apr 2008, 03:00:00
Top

Re: Where does wealth come from?

Unread postby Javaman » Mon 27 Oct 2008, 16:59:55

$this->bbcode_second_pass_quote('Quinny', 'P')lease sir can I do my tables instead?

Cheeky B*gger!

The credit is only needed because of the f*cked up system that permates all our industry including agribusiness.

$this->bbcode_second_pass_quote('Javaman', '')$this->bbcode_second_pass_quote('Quinny', 'R')ead it. What's to get back to you about?


Give us a short paragraph that summarizes the article, so that we'll know you understood it.


You don't seem to recognize that without capital and modern technology, there won't be enough food. Human labor alone probably isn't sufficient.

So why don't you see if you can convince someone to provide the seeds, pesticides and fuel to the farmers. You can provide the fertilizer.
User avatar
Javaman
Lignite
Lignite
 
Posts: 261
Joined: Wed 18 Jun 2008, 03:00:00
Top

Re: Where does wealth come from?

Unread postby Quinny » Mon 27 Oct 2008, 17:13:52

We can't carry on the way we are, as much of the production is dependent on fossil fuel anyway!

I suppose from your name you don't believe that peak oil will have any impact on agriculture.

but ...

Where do you think the capital came from?
Live, Love, Learn, Leave Legacy.....oh and have a Laugh while you're doing it!
User avatar
Quinny
Intermediate Crude
Intermediate Crude
 
Posts: 3337
Joined: Thu 03 Jul 2008, 03:00:00

Re: Where does wealth come from?

Unread postby Starvid » Mon 27 Oct 2008, 17:33:52

New wealth/value is created where labour (more or less skilled manpower), capital (machines, infrastrucuture, financial capital etc) and land (that is, natural resources) converge.

As simple as that.
Peak oil is not an energy crisis. It is a liquid fuel crisis.
User avatar
Starvid
Intermediate Crude
Intermediate Crude
 
Posts: 3021
Joined: Sun 20 Feb 2005, 04:00:00
Location: Uppsala, Sweden

Re: Where does wealth come from?

Unread postby Quinny » Mon 27 Oct 2008, 17:43:13

Seems good to me!
Live, Love, Learn, Leave Legacy.....oh and have a Laugh while you're doing it!
User avatar
Quinny
Intermediate Crude
Intermediate Crude
 
Posts: 3337
Joined: Thu 03 Jul 2008, 03:00:00

Re: Where does wealth come from?

Unread postby JPL » Mon 27 Oct 2008, 18:09:23

I remember reading somewhere that wealth was a printed version of human labour.

Work you have done = cash in your pocket.
Work you have yet to do = credit.

Probably an old manual though. Damn marxists (grin)...

JP
Nothing ever happens, nothing happens at all
The needle returns to the start of the song
And we all sing along like before


Del Amitri
JPL
Heavy Crude
Heavy Crude
 
Posts: 1264
Joined: Sat 18 Mar 2006, 04:00:00
Location: Off with the Fey Folk

Re: Where does wealth come from?

Unread postby MrBean » Tue 28 Oct 2008, 13:56:22

$this->bbcode_second_pass_quote('Quinny', 'O')K - there's a lot on this board who know a helluva lot more than me about the stock market and investing, but where does wealth originate.

It's my belief that all wealth comes from the application of labour to the earths natural resources to create useful goods.

All the other layers basically mask the fact that the workers are the creators of wealth.

Anyone disagree?


The less one needs, the wealthier one is. Real wealth is lack of needs, meaning that the greediest is the poorest.
User avatar
MrBean
Heavy Crude
Heavy Crude
 
Posts: 1202
Joined: Sun 26 Sep 2004, 03:00:00
Top

Re: Where does wealth come from?

Unread postby MrBean » Tue 28 Oct 2008, 13:59:27

$this->bbcode_second_pass_quote('charliebrownout', '
')As for what is actually valuable in this life. I would say love, and the ability to live simply and in harmony with nature/your fellow man.


You are blessed. :)
User avatar
MrBean
Heavy Crude
Heavy Crude
 
Posts: 1202
Joined: Sun 26 Sep 2004, 03:00:00
Top

Re: Where does wealth come from?

Unread postby MrBean » Tue 28 Oct 2008, 14:09:06

$this->bbcode_second_pass_quote('Javaman', '
')You don't seem to recognize that without capital and modern technology, there won't be enough food. Human labor alone probably isn't sufficient.

So why don't you see if you can convince someone to provide the seeds, pesticides and fuel to the farmers. You can provide the fertilizer.


Nature provides, all food is a blessing from Mother Nature. Only complete idiots would try to best Mother Nature in what she knows by heart, growing.

Natural gardening (/permaculture/agroforestry etc.) could still provide the basic needs of the whole current human population and then some. Nature is bountifull, it's the greed and hunger for power (over nature) that is the killer.
User avatar
MrBean
Heavy Crude
Heavy Crude
 
Posts: 1202
Joined: Sun 26 Sep 2004, 03:00:00
Top

Re: Where does wealth come from?

Unread postby Ayoob » Tue 28 Oct 2008, 14:52:34

Wealth comes from agriculture, forestry, mining, and manufacturing. Everything else spreads the wealth around.

Workers in the agriculture, forestry, mining, and manufacturing industries don't tend to make a lot of money, though. This is a very tricky question and one you should think about a lot.
User avatar
Ayoob
Expert
Expert
 
Posts: 1520
Joined: Thu 15 Jul 2004, 03:00:00

Re: Where does wealth come from?

Unread postby MrBill » Tue 28 Oct 2008, 15:56:32

G-Surfer hat geschrieben:
$this->bbcode_second_pass_quote('', 'S')o it is all just predestined. So if I were to say wealth is what you think it is and purely subjective this becomes more comprehensible. A beautiful sunset with little work to do is true wealth as the world is what it is and being a busy bee is simply a waste of precious life moments.


Sie koennen nicht Ihrem sonnenuntergang geniessen ohne etwas im magen; einem dach ueber kopf; und sicherheit fuer Ihre kinder. Alles muess in ordnung, dann gibts frieden und freiheit. Armut ist nicht befriedigung! Wir haben alle verantwortung. Fuer uns, fuer unsere familie, und fuer Die das haben weniger.
The organized state is a wonderful invention whereby everyone can live at someone else's expense.
User avatar
MrBill
Expert
Expert
 
Posts: 5630
Joined: Thu 15 Sep 2005, 03:00:00
Location: Eurasia
Top

Re: Where does wealth come from?

Unread postby MrBean » Tue 28 Oct 2008, 16:01:27

$this->bbcode_second_pass_quote('MrBill', '
')Sie koennen nicht Ihrem sonnenuntergang geniessen ohne etwas im magen; einem dach ueber kopf; und sicherheit fuer Ihre kinder. Alles muess in ordnung, dann gibts frieden und freiheit. Armut ist nicht befriedigung! Wir haben alle verantwortung. Fuer uns, fuer unsere familie, und fuer Die das haben weniger.


Nur noch ein Gott koennen uns retten.
User avatar
MrBean
Heavy Crude
Heavy Crude
 
Posts: 1202
Joined: Sun 26 Sep 2004, 03:00:00
Top

Re: Where does wealth come from?

Unread postby MrBill » Tue 28 Oct 2008, 16:09:30

$this->bbcode_second_pass_quote('MrBean', '')$this->bbcode_second_pass_quote('MrBill', '
')Sie koennen nicht Ihrem sonnenuntergang geniessen ohne etwas im magen; einem dach ueber kopf; und sicherheit fuer Ihre kinder. Alles muess in ordnung, dann gibts frieden und freiheit. Armut ist nicht befriedigung! Wir haben alle verantwortung. Fuer uns, fuer unsere familie, und fuer Die das haben weniger.


Nur noch ein Gott koennen uns retten.


Gott hilft denen, die sich selber helfen. Wir alle sterben. Was ist wichtig ist was wir hier am Erde machen.
The organized state is a wonderful invention whereby everyone can live at someone else's expense.
User avatar
MrBill
Expert
Expert
 
Posts: 5630
Joined: Thu 15 Sep 2005, 03:00:00
Location: Eurasia
Top

Re: Where does wealth come from?

Unread postby skeptik » Tue 28 Oct 2008, 16:14:55

$this->bbcode_second_pass_quote('Quinny', '
')All the other layers basically mask the fact that the workers are the creators of wealth.

Anyone disagree?


Yup... A bunch of nekkid humans in the middle of a desert cant create anything. At the present time wealth flows principally from holes in the ground, but a combination of factors are involved, and everything builds on the shoulders of the past.

Wealth flows from:
A freely available energy source + a pre-existing infrastructure capable of utilizing that energy source + a skilled and knowledgeable workforce capable of utilizing that infrastructure.
User avatar
skeptik
Coal
Coal
 
Posts: 418
Joined: Wed 24 Aug 2005, 03:00:00
Location: Costa Geriatrica, Spain
Top

Re: Where does wealth come from?

Unread postby MrBill » Tue 28 Oct 2008, 16:18:02

$this->bbcode_second_pass_quote('skeptik', '')$this->bbcode_second_pass_quote('Quinny', '
')All the other layers basically mask the fact that the workers are the creators of wealth.

Anyone disagree?


Yup... A bunch of nekkid humans in the middle of a desert cant create anything. At the present time wealth flows principally from holes in the ground, but a combination of factors are involved, and everything builds on the shoulders of the past.

Wealth flows from:
A freely available energy source + a pre-existing infrastructure capable of utilizing that energy source + a skilled and knowledgeable workforce capable of utilizing that infrastructure.


And wealth, knowledge, technology and civilization itself can flow in reverse. We can all choose to follow Zimbabwe back into the Stone Age. Boy, will that ever teach us. You betcha!
The organized state is a wonderful invention whereby everyone can live at someone else's expense.
User avatar
MrBill
Expert
Expert
 
Posts: 5630
Joined: Thu 15 Sep 2005, 03:00:00
Location: Eurasia
Top

Re: Where does wealth come from?

Unread postby Tyler_JC » Tue 28 Oct 2008, 16:22:19

Wealth is the product of man’s capacity to think.
"www.peakoil.com is the Myspace of the Apocalypse."
Tyler_JC
Expert
Expert
 
Posts: 5438
Joined: Sat 25 Sep 2004, 03:00:00
Location: Boston, MA

PreviousNext

Return to Economics & Finance

Who is online

Users browsing this forum: No registered users and 14 guests