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40 sats \ 3 replies \ @Undisciplined 9 Jun \ on: Government and Economic Growth econ
I've been meaning to write about this for awhile, but there's a common mistake people make when talking about how the state is incapable of being productive.
It doesn't mean that there can't be economic growth in a state run system: i.e. prosperity in period t+1 can be greater than prosperity in period t.
What it means for the state to be incapable of productive activity is that period t+1 under central planning will be less prosperous than it would have been under a free market.
Yes, this is true. The productive economy will grow if at all left to its own devices over time. It just depends on how hungry the parasites are!! The more they take the less the consumers people get. It is really easy to see. I just wonder why more people haven’t seen it. Of course, there are those who see and know, yet, deny it because their bread is buttered by the state.
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there are those who see and know, yet, deny it because their bread is buttered by the state
It's a major "seen vs unseen" problem. Most people get their bread at least a little bit buttered by the state and they're aware of that, but they're less aware of all the foregone butter from all the state's waste and impoverishment.
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I think there are quite a few people awake to the impoverishment by the state. They have seen it and seen the second and third level consequences of the actions of the blind or willfully blinkered members of society. I also think that many of us may be withholding any assistance to the economy that the state sucks off of because of the many levels of consequences we see.
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