Economy - Thinking of distribution
These are some long days, I have to say. I'm waiting for water to evaporate away, filter through the ground, allow me to move about easily, if you will. I'm not trapped, by all means, I could put on boots and go out, but this weather feels like an invitation to pursue other things, and thus I'm listening to the universe.
Venturing out to the nerdy side of Youtube, I found myself listening to a chap named Gary. An economist by trade, who made his millions while his beard was still settling in, and now runs a channel attempting to share his perspective and solutions with the world.
For now, I will declare myself but a simple padawan. But, as I dive deeper into his lessons, I feel like I've been filling in gaps in my understanding of money.
It seems to me like Gary long ago figured out something that most economists seem to ignore--Distribution is key. A word, mind you, that us crypto folk know too well.
At the expense of someone calling me a traitor to the cause, I have to say his argument for rethinking taxes is quite convincing. And, I should add an important detail before anyone confuses Gary for a resentful Marxist: His explanations are not emotional, nor political for that matter. They are conclusions after years of observation, years of him "playing", if you will, the markets.
The topic of distribution should be of great interest to all of us, regardless of our political inclinations. From where I stand, a fundamental pillar of a good economic system is predicated on it being done right, of it continuing on the right path, and not allowing for resources to end up monopolized.
I leave you with one video in the hopes that you find it as valuable as I did.
In my opinion 25 minutes well invested.
Cheers
MenO
I've been watching some of his videos lately. He talks a lot of sense
breath of fresh air.
You Meno this is one hell of a rabbit hole 👀🤔. Gary’s take on distribution makes a lot of sense though, money moving around fairly is what keeps the whole system alive. I might just have to check out his videos too to learn a couple things
It is indeed. Here's some consideration of distribution excerpted from my recent comment on Colonel Jethro's blog.
The flip side of the above excerpt is absolutely probative of your contention about taxes.
This is the real way in which political power is wielded. If voting could actually change anything it would be illegal, as Emma Goldman said back in the day.
You are absolutely right, and what is actually happening is that rentiers have indeed monopolized distribution, effectively concentrating actual political power in their hands, just as is diametrically opposed to our shared democratic principles.
Thanks!
‘A complicated mixture of corruption, greed and idiocy’
That describes so many elements of our current world, and maybe even could start to explain some of these convos we have around the DHF and VP
Thanks for the share. That guy was great
right?
I like this guy. I subscribed after reading your post. Just watched this video. Great logic here. As many people, I have often asked the question of where does capitalism expand to when there are no more new markets, and I've logically concluded that it begins to eat itself. Again, nothing new. Marx concluded the same long ago. But somehow I never made the connection with compound interest. This guy is really interesting. Thanks for the suggestion!
dude are we sharing a slurpee or something? I just watched that one about an hour ago.
ha!
haha maybe so