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  • Gradual Impoverishment Through Free Trade Causing Capital Outflow

    For the sake of simplicity imagine the world contained only 2 fictional countries: The first country (C1) is very rich and powerful thanks to the efforts of previous generations, but it's current population loves to consume and consume and it's economy has 'evolved' away from boring repetitive...
    Posted to Economics Questions (Forum) by Mark on Fri, Apr 23 2010
  • Central Planning and efficiency

    The intuitive idea that appeals to socialists is that Capitalism wastes resources because it creates useless products for the comfort and satisfaction of petty wants for those who have money while there are people in the streets who do not even get their basic needs satisfied. So therefore, the government...
    Posted to Economics Questions (Forum) by Kenneth on Wed, Feb 17 2010
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