Yes, you can effectively eat ideas. See above.
Posted on 03/27/2011 11:08:54 AM PDT by SeekAndFind
Comparative advantage was first described by Robert Torrens in 1815 in an essay on the Corn Laws. He concluded it was to England’s advantage to trade with Portugal in return for grain, even though it might be possible to produce that grain more cheaply in England than Portugal.
However, the concept is usually attributed to David Ricardo who explained it in his 1817 book On the Principles of Political Economy and Taxation in an example involving England and Portugal.[4] In Portugal it is possible to produce both wine and cloth with less labor than it would take to produce the same quantities in England. However the relative costs of producing those two goods are different in the two countries. In England it is very hard to produce wine, and only moderately difficult to produce cloth. In Portugal both are easy to produce. Therefore while it is cheaper to produce cloth in Portugal than England, it is cheaper still for Portugal to produce excess wine, and trade that for English cloth. Conversely England benefits from this trade because its cost for producing cloth has not changed but it can now get wine at a lower price, closer to the cost of cloth. The conclusion drawn is that each country can gain by specializing in the good where it has comparative advantage, and trading that good for the other.
http://en.wikipedia.org/wiki/Comparative_advantage
And Mate.
Heard a very controversial presentation this morning on the radio...but the guy had a point and while it upset me to have to admit to agreeing with him, it left me with one thought...
Just look at the damage the liberals have done to our educational system, family system and ethics.
They guy basically was saying we no longer have the systems culturally to produce innovative leaders. That as America moves forward, in order to stay ahead of the globe, we will need to import the virtue of leadership.
While he ticked me off listening to him, it was the question and answer session afterward that brought to light what he was trying to say. And I think a few liberals got more ticked off than I did!
I chuckled as he talked about Me Inc. He sort of sounded like a character from Ayn Rand’s Atlas Shrugged.
March 25, 2011 featuring Ratanjit S. Sondhe, Founder and CEO, Discoverhelp Inc.
Ratanjit S. Sondhe, Founder and CEO, Discoverhelp Inc., speaks about creating our own immigrants in the United States for a better global economy.
Podcast: http://www.cityclub.org/mediacenter/cityclubpodcast/Podcastpsting/tabid/194/Default.aspx
I have a theory (a personal one, not a proved one) that created wealth comes from the productivity of capital (which includes the ability to buy the land of which you speak) and the productivity of labor.
If you look through a list of the billionaires on the planet, I don't think you'll find many who primarily created wealth from the ownership, acquisition, or application of business models to dirt (excepting Saudi Sheiks, who do support your point).
The rest had good ideas and executed well upon them.
I think. I may be wrong.
“No, the fact that only governments these days can get in the way of the application of our good IP to cause starvation proves (not disproves) my main point. “
Nope
“Your (and others’) secondary point about the theft of IP is a serious problem that needs to be addressed”
So you’re gonna change human nature, entire cultures, eliminate greed and supersede national interests all in one fell swoop. Just so you can send more jobs overseas.
“But that hasn’t stopped much of America from becoming very wealthy selling IP.”
Much of the people ‘becoming wealthy’ are American companies which are owned or controlled by foreign nationals. Which means the bulk of the wealth is not controlled by Americans. The American economy is becoming weaker as those of China and India are exploding. Thats what happens when you ship production overseas.
The idea that we’ll continue to grow just on intellectual production is naive at best.
Yea. Right.
The Chinese (and Indians) are known for respecting “intellectual property.”
Riiiiight.
Yes, you can effectively eat ideas. See above.
What?
You don’t think green jobs and edgy urban gay artists, plus money frauds, is gonna git ‘er done?
Thoughtcrime.
When times get tough you can cut out all the services you want but if you can’t build a tractor you’re screwed.
Not everyone goes to college, we need manufacturing jobs for those who don’t.
Of course that would mean unions and big government need to get the hell out of the way.
“We can make stuff: Intellectual stuff.”
Yeah, 10% of us can - max.
The other 90% need sh*t to do,
Nations without agricultural bases cannot thrive. Singapore.
Nations without vast colonies cannot thrive. United States.
Nations without large navies cannot thrive. Germany.
"Nations without manufacturing bases cannot thrive." Not yet disproved.
You could make stuff, if your education system was number 1 in the world instead somewhere between doltish and imbecilic.
I don’t think Americans are aware of how badly your politicians have been bought and paid for. Many of them will be all right.
You won’t.
I salute your Juche philosophy, comrade.
Hey, being independent is a conservative thing, right? Why should it be any different as a nation?
It isn't any different for nations. A self-sustaining US economy is the conservative ideal.
Global communism via the Democrats, and global anti-American Free Traitor BS, are two sides of the same global communist redistributionist coin.
The only difference is which set of communists are bleeding the residual wealth from Amercian citizens. That's why the commie Democrats and the commie RINOs are hell-bent on destroying any candidate running on pro-American, commonsense, Constitutional conservative principles.
Yes. Seriously, let's do have an argument about the wealth destroying effects of 0bamanomics. That would be much more productive.
If we can reverse 0bamanomics, Americans will figure out whether to make stuff, cut code, produce pharmaceuticals, etc. But with 0bamanomics, government dictat, maldistribution of capital and cronyism will rule.
There's where we should focus our efforts as Conservatives. We'll all agree, cohere, defeat, and move on.
At that point, the market will take over, and we can produce whatever widgets our entreprenuers can make a buck on.
Then our industrial base wouldn’t be destroyed.
Of course, if you get government out of the way, we could soar. Without that, our base is destroyed and we cannot create wealth.
Mind if we call you Miltster?
:)
“Free trade” has become a shrinking cult, like Jim Jones’ tragic cult became.
More and more people are recognizing the harm being done to America in the (mis-)name of “free trade”.
Some koolaid?...
Who among you is going to force my daughter into a manufacturing job when she prefers to create genetically targeted pharmaceuticals?
If you cannot bring yourself to use the force of government against my daughter, whose child are you going to use the force of government against, so that you get the talismanic manufacturing base you dictate?
Or, can we rather agree that Freedom of the individual is paramount, and manufacturing bigots should bugger off?
“Who among you is going to force my daughter into a manufacturing job when she prefers to create genetically targeted pharmaceuticals?”
There won’t be any jobs for her in pharma so I hope starting one from scratch goes well.
I'm totally stuned by the intellectual force of that argument.
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