tag:blogger.com,1999:blog-6034478.post8632774786794593204..comments2024-03-29T03:20:17.451-04:00Comments on Doug Ross @ Journal: The economic history of the last 2,000 years in one graphUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6034478.post-90998424278883256352012-06-23T08:46:57.252-04:002012-06-23T08:46:57.252-04:00exactly right, doug:
the graph presumes that gdp ...exactly right, doug:<br /><br />the graph presumes that gdp is static and nations fight over a share.<br /><br />the left believes/presuppposes this - and applies it to classes within nations, too.<br /><br />the truth is that gdp is not static and is highly variable from quarter to quarter.<br /><br />and the truth is that there is already an entirely just and fair way of "distributing" gdp between nations and between people within a nation:<br /><br />earnings.<br /><br />each nation and each person is ENTITLED to what they earn - or trade in to each other.<br /><br />when third parties insert themselves between what a nation or person EARNS and what they get it is INJUSTICE.<br /><br />aside:<br /><br />as walt williams has pointed out, there is no such thing as a "trade deficit". when walmart buys stiff in china, walmart trades a dollar asset for a goods asset - in an proportion that is agreed to and considered a fair even-steven trade by the parties involved. there is no deficit between walmart and china - or the usa and china - as a result of this trade anymore than you have a deficit with the supermarket when you buy groceries.<br /><br />so, when politicians and bureaucrats try to insert themselves into international trade they are being every bit as invasive as when they insert themselves between people trading with each other within their own nation.<br /><br />our constitution specifically limited out governments power to interfere in these trades.<br /><br />alas, we have strayed a great great deal from that ideal.<br /><br />to get back to where we belong, we need to open the eyes of a great many people - most of them in the "middle" and on the left.<br /><br />exposing their false presuppositions is how.<br /><br />as exposing the falsehoods embedded in this graph does.<br /><br />:)Reliapundithttps://www.blogger.com/profile/12942299527008194753noreply@blogger.comtag:blogger.com,1999:blog-6034478.post-55750193382180378092012-06-23T00:12:57.309-04:002012-06-23T00:12:57.309-04:00I call BS. Britain , Russia, France, Germany, etc....I call BS. Britain , Russia, France, Germany, etc. did not exist in 1 AD, yet they make up over 10% of this graphAnonymousnoreply@blogger.com