True, but they can all eat

Post #122,595 by drewk 10/23/03 5:16:54 PM Reply	True, but they can all eat === Implicitly condoning stupidity since 2001.
Post #122,597 by Another Scott 10/23/03 5:28:48 PM Reply	Um, how? I think I understand what you're trying to get at (there are unproductive uses of financial assets), but your analogy doesn't work, IMO. There are too many people in the world for everyone to grow their own food - enough food for year-round survival. Cities would have to be depopulated. Pol Pot would be happy, but few others. Who would produce the fertilizer, farm equipment, diesel fuel to run the tractors, etc., etc.? There has to be a way for capital to move in the modern economy. Even if derivatives and the like don't have an obvious direct impact on production of goods and services, they do help spread risk. And risk is the monster hidden in the closet in most economic decisions (always in the background). Of course, abuses in the system should be removed. Cheers, Scott.
Post #122,600 by drewk 10/23/03 5:36:28 PM Reply	Who said it had to look like the current one? Cities would have to be depopulated. Cities can only exist with a more-advanced economy than that in a purely agrarian society. So yes, financing is a necessary part of a modern economy. But I still say it is possible to have a society without financiers, but you can't have a society without producers. To say that there is no distinction between the two (which is what I proposed the analogy to refute) is wrong. === Implicitly condoning stupidity since 2001.
Post #122,602 by Arkadiy 10/23/03 5:44:49 PM Reply	Nope, the brain is otherwise occupied, I guess What you get that way is not a sustainable economy, but a sustainable ecology. All of them who do not die of starvation, diseases, exposure and predators can certainly eat. In a good year. -- OK, George W. is deceptive to be sure. Dissembling, too. And let's not forget deceitful. He is lacking veracity and frankness, and void of sooth, though seemingly sincere in his proclivity for pretense. But he did not lie. [link\|http://www.jointhebushwhackers.com/not_a_liar.cfm\|Brian Wimer]

Welcome to IWETHEY!