Quote:
Originally Posted by mtrimpe  I doesn't matter that you don't get it yet. It's as difficult to grasp for this generation as the concept that the tides are caused by the moon was a few generations ago...
You will get it one day, I'm just trying to get people to get it sooner so we can stop living in the illusion that we can all live off of the efforts of everyone else.
Just know that from now on you can't say nobody warned you ... from now on it's your choice to remain ignorant of the damage you're causing.
And no, I'm not going to explain the physics that cause the tides to you, you're going to have to do that yourself  |
I do get it. I know exactly the process you are getting to actually. The success of the current super economies relies totally on them getting more value out of poorer countries than the return.
This does not however invalidate the concept of interest.
It
does invalidate the long term prospects of the current economic model, and I agree it will have to collapse eventually or the top countries will have to force the bottom countries to remain undeveloped and exploited.
What you are essentially saying is that 'Hammers can be used to kill people, therefore hammers are a lie and evil illusion.' Which is factually true, but completely ignores the positive benefits of using hammers.
Interest, when used properly, allows people who have no chance to get a chance by borrowing from others. Without interest there is no incentive to lend, and no incentive to help others or take a risk.
It's also the most fundamental flaw in communism, and unionism - any major invention or improvement requires you to do more than other people to make it a reality. If you will recieve no benefit for working harder than other people there is no incentive to ever do more than the minimum.
If Interest was abolished there would be no reason to ever lend anything to another person, because you deprive yourself for no benefit. Whcih would stop every economy in it's tracks because there would be no innovation whatsoever, and no new companies could ever start, or compete with the existing ones.
It makes a great read while on the toilet, and a nice dream for when human beings become perfect.
btw. Fingerwaving and saying 'don't say I didn't warn you' without actually providing any sort of realistic debate to support your claims, just makes you look like a raving madman at worst, or a conspiricy theorist with his little aluminimum hat at best.
Sorry for going off topic.