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by randomdata 777 days ago
> Your knowledge of economics appears to be lacking.

Well, duh. If it weren't lacking, what reason would there be for me to talk about it? There would be nothing left to learn. That would be a useless waste of time.

> Your original statement that the only way to extract wealth from someone is by putting them to work is factually wrong for the reasons I stated.

Go on. You stated that rent seeking accumulates profit, but as profit is merely the promise of future work, no wealth is actually extracted. Only a potential promise of future wealth is gained. Not until the profit is spent – as in people are put to work – can wealth be extracted out of those promises.

1 comments

If it weren't lacking, what reason would there be for me to talk about it?

In case you don’t know this there are people knowledgeable about a topic who also talk about that topic.

For extrinsic financial gain, sure, but that doesn't apply here. The only potential gain here is the possibility of learning something.

Just as you have demonstrated yourself. You are no doubt knowledgeable in the subject, but have completely refused to talk about it, spending all your time focused on my character. Which is to be expected, as what more are you going to learn about the topic at hand? The only thing you might stand to learn something about is me.

For extrinsic financial gain,…

This is not necessarily true. Sometimes people do things without financial gain.

Right. People will also discuss topics in order to learn.