Official Lolbertarian thread. Discuss the benefits of No goverment

ginwilly

ginwilly

Well-Known Member
The_Herban_Legend said:
AC probably won't come to terms on this issue because it may not fall inline with his political ideology, but labor is only a resource which can be significantly reduced through automation.Wealth is created by innovation and requires resources, like labor.
Click to expand...
Wealth can also be found, stolen and discovered.

Labor is very important, hope I'm not coming across as saying it's not, it's just not the only way wealth is created and AC probably understands this by now.
 
ginwilly

ginwilly

Well-Known Member
abandonconflict said:
Wealth was not created with out labor, since wealth is not created by the printing of currency.
Click to expand...
In a modern world, currency is exactly how we measure wealth. The Forbes 500 isn't a list of the happiest, healthiest, most laid back people that we like. It's a list of the wealthiest. That wealth is measured how again?

Before we go too far though, what is the definition of wealth that you are arguing, I just remembered who I was talking to.
 
ginwilly

ginwilly

Well-Known Member
abandonconflict said:
This does not demonstrate the creation of wealth in the absence of labor.
Click to expand...
quick, are we using an AC definition or an accepted one?

Because if we measure wealth by value, we determine value in currency, we can create currency from thin air, then wealth can be created without labor.

If it's some weird AC definition that only you use, then OK, you are right, have a good one.
 
C

ChesusRice

Well-Known Member
ginwilly said:
In a modern world, currency is exactly how we measure wealth. The Forbes 500 isn't a list of the happiest, healthiest, most laid back people that we like. It's a list of the wealthiest. That wealth is measured how again?

Before we go too far though, what is the definition of wealth that you are arguing, I just remembered who I was talking to.
Click to expand...
Currency is a measure of labor
 
ginwilly

ginwilly

Well-Known Member
abandonconflict said:
Irrelevant question.
Click to expand...
How so?

For all I know you could be talking about the man with the biggest waistline as being the wealthiest. You could be measuring wealth in land, in resources, in how many Asian massage parlors they own.

What metric do you use to measure wealth and is it the way most everyone else does? Are you in line with Forbes/S&P/Moody? Or do you have your own AC definition?

Even if you think it's irrelevant, would you mind humoring me anyway? I have a feeling it will save me some time.
 
ginwilly

ginwilly

Well-Known Member
abandonconflict said:
Has no bearing on the fact that labor creates all wealth.
Click to expand...
lol

I bet you read that somewhere, sounded good and now that you've dug in, it's going to be repeated by you for years here.

Besides labor, you need to include ideas, leadership, luck, discovery, skills, psychology (why is that one beanie baby "worth" more), banking policy and I'm sure a few other things that can create wealth.

We'll just have to disagree on this one, I'll let you have your bumper sticker and move on.
 
You must log in or register to reply here.
Top