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   🎓 Doc Freemo :jpf: 🇳🇱 (freemo@qoto.org)'s status on Friday, 28-Jul-2023 08:16:32 JST 🎓 Doc Freemo :jpf: 🇳🇱

   Just a reminder, wealth is **not** a zero sum game. If it were we would still be living in caves.

   • Embed this notice
     mk (mk@mastodon.satoshishop.de)'s status on Friday, 28-Jul-2023 08:16:30 JST mk

     in reply to

     @freemo

     in this game there's always new pie beeing created and the rich fags get their fingers on them first when they are still fresh and warm !

     ---

     what is the cantillon effect?

     https://www.youtube.com/watch?v=LvvlEbX66jM

   • Embed this notice
     mk (mk@mastodon.satoshishop.de)'s status on Friday, 28-Jul-2023 08:23:34 JST mk

     in reply to

     @freemo

     "wealthy people having money doesn not mean there's less money for you."

     1. wealthy people control the monetary system

     2. wealthy people print money

     3. printing money decreases the value of money

     4. if the wage of ordinary people doesn't rise with inflation, they got less purchasing power...or simple..less money.

   • Embed this notice
     🎓 Doc Freemo :jpf: 🇳🇱 (freemo@qoto.org)'s status on Friday, 28-Jul-2023 08:23:35 JST 🎓 Doc Freemo :jpf: 🇳🇱

     in reply to

     • mk

     @mk There is no claim here that there arent issues that are unfair in the economy.. but the simple existence of rich people is not a red flag.

   • Embed this notice
     mk (mk@mastodon.satoshishop.de)'s status on Friday, 28-Jul-2023 08:29:08 JST mk

     in reply to

     @freemo

     00:04:09 usa printed more than a third of the active money supply in the economy today in 2020/2021

     ---

     Hyperinflation is Already Here – You Just Haven't Realised It Yet.

     https://youtu.be/1HmGLV46L60?t=249

   • Embed this notice
     mk (mk@mastodon.satoshishop.de)'s status on Friday, 28-Jul-2023 08:40:48 JST mk

     in reply to

     @freemo

     my position is:

     you CAN NOT have working freemarket capitalism if you don't fix the monetary system first.

     what should happen:
     switching back to gold backed paper (like the BRICS does)

     what is going to happen:
     a totalitarian cbdc nightmare

   • Embed this notice
     🎓 Doc Freemo :jpf: 🇳🇱 (freemo@qoto.org)'s status on Friday, 28-Jul-2023 08:40:49 JST 🎓 Doc Freemo :jpf: 🇳🇱

     in reply to

     • mk

     @mk

     Ok. still not related to the OP though.

   • Embed this notice
     mk (mk@mastodon.satoshishop.de)'s status on Friday, 28-Jul-2023 08:43:42 JST mk

     in reply to

     @freemo

     ok..whats the original post about then?

   • Embed this notice
     🎓 Doc Freemo :jpf: 🇳🇱 (freemo@qoto.org)'s status on Friday, 28-Jul-2023 08:43:43 JST 🎓 Doc Freemo :jpf: 🇳🇱

     in reply to

     • mk

     @mk Regardless if thats true or not, it still isnt about the OP. I have no objection discussing the bigger problem, but that would deserve its own thread, not hijacking one of an unrelated topic.

   • Embed this notice
     mk (mk@mastodon.satoshishop.de)'s status on Friday, 28-Jul-2023 08:48:06 JST mk

     in reply to

     @freemo

     why can't you answer this?

   • Embed this notice
     mk (mk@mastodon.satoshishop.de)'s status on Friday, 28-Jul-2023 09:51:44 JST mk

     in reply to

     @freemo

     "world had only two people[..]possible[..]that both values can increase[..]everyone can get more wealth without anyone loosing wealth."

     yes, but we're not living in caves anymore. we're living in a hyper competitive world.

     every cm² an this planet belongs to somebody..the top 1% own most of the wealth..there's no such thing anymore as free land / free resources..

     if person A earns 1 dollar, you're taking it away from person B. ones value increases and the others decreases..

   • Embed this notice
     🎓 Doc Freemo :jpf: 🇳🇱 (freemo@qoto.org)'s status on Friday, 28-Jul-2023 09:51:46 JST 🎓 Doc Freemo :jpf: 🇳🇱

     in reply to

     • mk

     @mk The original post is about wealth not being a 0-sum game. No matter how much some have that does not imply others had to have less for them to have more.

     To put that in simple language. If the whole world had only two people, and one had X wealth, the other Y wealth, it is possible (and in fact fairly common ) that both values can increase over time. In otherwords, everyone can get more wealth without anyone loosing wealth. Over time that has overwhelmingly been the case as is evident by the fact that we arent still living in caves.

   • Embed this notice
     mk (mk@mastodon.satoshishop.de)'s status on Friday, 28-Jul-2023 09:52:21 JST mk

     in reply to

     @freemo

     here's andrew #tate talking about it this subject.

     00:00:12 "you cannot make money. you're not the Federal Reserve[..]all of us take money from somebody else[..]next time you buy a coffee. don't just buy the coffee[..]why am I buying this coffee?[..]why am I buying here?[..]is there any competition around?"

     https://youtu.be/p5_YerY48Sc?t=12

   • Embed this notice
     🎓 Doc Freemo :jpf: 🇳🇱 (freemo@qoto.org)'s status on Friday, 28-Jul-2023 10:00:14 JST 🎓 Doc Freemo :jpf: 🇳🇱

     in reply to

     • mk

     @mk Again posting this just shows you need tor ead up ont he base concepts first... see how your quote doesnt have the word "wealth" anywhere in it... that should be a clue to you. Wealth is NOT money.

   • Embed this notice
     mk (mk@mastodon.satoshishop.de)'s status on Friday, 28-Jul-2023 10:03:57 JST mk

     in reply to

     @freemo

     "Wealth is NOT money."

     we are not living in your lalal land. everything in our current world is priced in some kind of currency.

     if the court comes to you and wants to know what your wealth is, they are expecting you to come up with a number..

     they will not accept your perceived wealth...you will just go straight to jail.

   • Embed this notice
     mk (mk@mastodon.satoshishop.de)'s status on Friday, 28-Jul-2023 10:25:01 JST mk

     in reply to

     • George Budd

     @Gbudd @freemo

     "I should go see if economists have any papers on that"

     at first we should start at the beginning and find out what the definition of a women...*ähm.. wealth is..

     https://mastodon.satoshishop.de/@mk/110789090699376237

   • Embed this notice
     George Budd (gbudd@qoto.org)'s status on Friday, 28-Jul-2023 10:25:08 JST George Budd

     in reply to

     • mk

     @freemo @mk

     It’s might not strictly be a zero sum within a company (presumably it’s value goes up and down) and sure, a company can increase its value and we would typically expect that gain (or loss) to be sent to the owners of that company.

     On the employee level it feels like it’s closer to zero sum though, and maybe that’s just a perception thing. While relative CEO pay has gone up over the years I guess you can’t necessarily disentangle whether that increase comes out of the pool of wages available to all employees or whether it’s coming out of the pool of money that could be going back to investors. I guess I should go see if economists have any papers on that

   • Embed this notice
     🎓 Doc Freemo :jpf: 🇳🇱 (freemo@qoto.org)'s status on Friday, 28-Jul-2023 10:25:09 JST 🎓 Doc Freemo :jpf: 🇳🇱

     in reply to

     • mk
     • George Budd

     @Gbudd

     Honestly even within a company it isnt a 0-sum game, it just might be hard to see. I think it is most obvious (though not limited to) companies that sell a product, particularly when manufactured from raw products.

     If I am a lumber company then cut and cured lumber has more value than a tree the dead trees I buy.. so generation of new wealth is clear and easy to quantify,

     @mk

   • Embed this notice
     George Budd (gbudd@qoto.org)'s status on Friday, 28-Jul-2023 10:25:10 JST George Budd

     in reply to

     • mk

     @freemo @mk

     I mostly agree with your original point that on the macro level that wealth isn’t a zero sum game (though it can certainly be a lot closer to one within a company).

     Saying that the existence of rich people isn’t a red flag is a different and interesting argument, but I don’t want to hijack your thread

   • Embed this notice
     mk (mk@mastodon.satoshishop.de)'s status on Tuesday, 01-Aug-2023 15:52:06 JST mk

     in reply to

     • Moffin'tosh

     @moffintosh @freemo

     "It doesn't matter, inflation was still a problem with the gold standard"

     yes..when you're a lying faggot country like the usa that has the monopoly on printing the globale reserve currency.

     ---
     1971
     Richard #Nixon

     https://mastodon.satoshishop.de/@mk/110070357003195891
     ---

     but what happens when multiple countries print the same gold backed currency?

     when one of them fucks up and prints too much. they will get in trouble with the other ones.

   • Embed this notice
     Moffin'tosh (moffintosh@berserker.town)'s status on Tuesday, 01-Aug-2023 15:52:07 JST Moffin'tosh

     in reply to

     • mk

     @mk @freemo
     you CAN NOT have working freemarket capitalism if you don't fix the monetary system first.

     switching back to gold backed paper (like the BRICS does)

     It doesn't matter, inflation was still a problem with the gold standard, and capital still attracts capital whenever the goverment prints money or not