Official Lolbertarian thread. Discuss the benefits of No goverment

[abandonconflict]

Then why is everything moving in the direction of automation?

Red Herring.

There is no wealth creation with out labor. Feel free to list examples of wealth created in the absence of labor. Just because a task is automated does not mean the task is no longer performed. Furthermore, automated systems do not simply spring into existence.

 

[The_Herban_Legend]

Red Herring.

There is no wealth creation with out labor. Feel free to list examples of wealth created in the absence of labor. Just because a task is automated does not mean the task is no longer performed. Furthermore, automated systems do not simply spring into existence.

Labor does not create wealth. Labor is only a resource and innovation is what creates wealth. We will have to agree to disagree on this topic.

 

[abandonconflict]

Red Herring.

There is no wealth creation with out labor. Feel free to list examples of wealth created in the absence of labor. Just because a task is automated does not mean the task is no longer performed. Furthermore, automated systems do not simply spring into existence.

Labor does not create wealth. Labor is only a resource and innovation is what creates wealth. We will have to agree to disagree on this topic.

So you rush to an impasse because you have no further arguments to support your claim and simply restate your claim, that labor does not create wealth.

I agree that labor is a resource, but it is not "ONLY a resource". It is impossible to create wealth in the absence of labor. That's why innovators, job creators and owners of private infrastructure and resources can not be profitable with out laborers to toil in the creation of wealth.

 

[ginwilly]

That's like, your opinion, man!

Shut up Donny!!

 

[The_Herban_Legend]

So you rush to an impasse because you have no further arguments to support your claim and simply restate your claim, that labor does not create wealth.

I agree that labor is a resource, but it is not "ONLY a resource". It is impossible to create wealth in the absence of labor. That's why innovators, job creators and owners of private infrastructure and resources can not be profitable with out laborers to toil in the creation of wealth.

You can have all the labor in the world but if you do not have innovation (a plan, idea, invention) how much wealth will you create? Labor is only a resource and is one of many resources needed to create wealth from innovation.

 

[abandonconflict]

You can have all the labor in the world but if you do not have innovation (a plan, idea, invention) how much wealth will you create? Labor is only a resource and is one of many resources needed to create wealth from innovation.

You can not create wealth with out labor. You can create wealth with out innovation (using old methods) and laborers can also innovate.

Labor creates all wealth.

 

[ginwilly]

You can not create wealth with out labor. You can create wealth with out innovation (using old methods) and laborers can also innovate.

Labor creates all wealth.

Would digitizing currency be considered labor?

Not every thing fits on a bumper sticker, but your thoughts sure do.

 

[The_Herban_Legend]

You can not create wealth with out labor. You can create wealth with out innovation (using old methods) and laborers can also innovate.

Labor creates all wealth.

Ever hear of the Stock Market?

 

[ginwilly]

Ever hear of the Stock Market?

I guess you can say putting in an order is labor intensive. Clicking a button takes labor. Nah, I got nothing.. he's just wrong again.

 

[abandonconflict]

Ever hear of the Stock Market?

The stock market creates no wealth. It speculates and trades on speculative value but what is being traded is created by labor.

 

[The_Herban_Legend]

The stock market creates no wealth..

I will give you time to retract from this statement before I tear you a new one.

 

[abandonconflict]

I will give you time to retract from this statement before I tear you a new one.

There is absolutely zero new wealth created by the stock market which was not created by labor.

 

[ginwilly]

There is absolutely zero new wealth created by the stock market which was not created by labor.

Dude, the Federal Reserve...

Sure the stock market is not a true gauge of wealth, but it's not just labor, it's commodity, it's potential, it's track record, it's smoke and mirrors. You've painted yourself into a corner on this one, punt.

 

[abandonconflict]

Dude, the Federal Reserve...

Sure the stock market is not a true gauge of wealth, but it's not just labor, it's commodity, it's potential, it's track record, it's smoke and mirrors. You've painted yourself into a corner on this one, punt.

I repeat, there is absolutely zero new wealth created by the stock market which was not created first by labor. The stock market simply trades existing wealth and squeezes value from speculation. In short, I can make money by selling something for more than I bought it, but I did not create wealth by doing so.

 

[The_Herban_Legend]

There is absolutely zero new wealth created by the stock market which was not created by labor.

I like that caveat, "new", that you threw in there. The fact is that our whole economic system is dependent upon Wall Street and it creates wealth. Does Mark Zuckerberg ring a bell?

 

[abandonconflict]

I like that caveat, "new", that you threw in there. The fact is that our whole economic system is dependent upon Wall Street. Does Mark Zuckerberg ring a bell?

Right now, thousands of people are toiling away in some huge office building to keep Facebook running and smooth out bugs. Wall Street does not create ANY new wealth. If all labor were to stop, the stock market would be the first thing to crash.

 

[ginwilly]

I repeat, there is absolutely zero new wealth created by the stock market which was not created first by labor. The stock market simply trades existing wealth and squeezes value from speculation. In short, I can make money by selling something for more than I bought it, but I did not create wealth by doing so.

You didn't answer this when I asked before, maybe you just missed it so I'll ask again.

Do you consider QE by the FED to be labor? Because over a trillion in "wealth" was created out of thin air, imagine that.

 

[abandonconflict]

You didn't answer this when I asked before, maybe you just missed it so I'll ask again.

Do you consider QE by the FED to be labor? Because over a trillion in "wealth" was created out of thin air, imagine that.

Currency was printed, but wealth was not created. Labor creates all wealth but not all labor creates wealth.

 

[The_Herban_Legend]

Right now, thousands of people are toiling away in some huge office building to keep Facebook running and smooth out bugs. Wall Street does not create ANY new wealth. If all labor were to stop, the stock market would be the first thing to crash.

On the flip side, if the market were to crash, labor would significantly decrease.

 

[ginwilly]

Currency was printed, but wealth was not created. Labor creates all wealth but not all labor creates wealth.

So when we talk about the wealth disparity in this country what we really mean is the currency disparity and it's totally different?

ftr, i really do believe there is a difference between wealth and currency, but not in the way we are talking about itt.