The rich get richer via the stock exchange and similar financial institutions. This is done with software nowadays - a thousandth of a second delay in investing can mean the difference between accumulating and losing. This doesn't actually produce improvements in anything (except financial modelling software). It's a cloud of abstract numbers spiralling off into never never land with no connection to producing anything useful.
On 10 November 2013 12:20, meekerdb <meeke...@verizon.net> wrote: > On 11/9/2013 2:49 PM, spudboy...@aol.com wrote: > >> Yes, Jesse, I do buy into that arguement. If you permit me, I will >> exclude DailyKos Kos Kids from your evidence, as the are far from a >> disinterested party in this matter. Whatever the politics, whatever the >> polemics, a technology has to do this, be successful. If solar is always >> just a fraction of the world's energy, despite decades and bilions, then I >> have some problem with proposing it. >> > > "If", but then you draw conclusions as if you had stated a fact. Decades > after oil was discovered it too only supplied a fraction of the world's > energy. > > > Or a successful solar tech, that powers all human activity, forever, may >> be 200 years away, for some unknown reason. >> > > What's your point - that you can imagine some insuperable problem with > solar power? The Sun might stop shining? What about not nearly so > speculative exhaustion of easily extracted fossil fuel? What if fossil fuel > runs out? What if it makes large areas of the earth uninhabitably hot and > dry. > > > What should we do until that glorious day? We can say exactly, the same >> with fusion. Tax payer subsudies are fine, if they work. But I surmise >> these companies live for the subsidies, and not the big win in the market >> place. >> > > You surmise whatever fits your prejudice. > > > Hence, my alternative of a grand prize to spur innovation, and win a >> giant profit that will wipe out an investors debts. I say we as a society >> have waited way too long, doing things the Statist way, lets let >> innovatoes, innovate, for the reward of an avalanche of prize money, plus >> tons of profits. I sense we are standing still, otherwise. >> > > And where are the great entrepreneurial advances of the past? Did private > investors invent nuclear power, space flight, GPS, the internet, > vaccinations, the Panama Canal, interstate highways. Free market > capitalism is great for some things, but it's not going to invest in > developing stuff with a 20yr horizon for return. > > Brent > > > -- > You received this message because you are subscribed to the Google Groups > "Everything List" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to everything-list+unsubscr...@googlegroups.com. > To post to this group, send email to everything-list@googlegroups.com. > Visit this group at http://groups.google.com/group/everything-list. > For more options, visit https://groups.google.com/groups/opt_out. > -- You received this message because you are subscribed to the Google Groups "Everything List" group. To unsubscribe from this group and stop receiving emails from it, send an email to everything-list+unsubscr...@googlegroups.com. To post to this group, send email to everything-list@googlegroups.com. Visit this group at http://groups.google.com/group/everything-list. For more options, visit https://groups.google.com/groups/opt_out.
