In order to keep the flame of capitalism burning the deflation will need to be counteracted with inflationary measures. Harry
On Wed, Jul 18, 2012 at 1:04 PM, Harry Veeder <hveeder...@gmail.com> wrote: > The flame of capitalism will be extinguished by sustained deflation. > harry > > On Wed, Jul 18, 2012 at 12:56 PM, Harry Veeder <hveeder...@gmail.com> wrote: >> Long term deflation? >> >> Harry >> >> On Wed, Jul 18, 2012 at 12:23 PM, MarkI-ZeroPoint <zeropo...@charter.net> >> wrote: >>> Alain wrote: >>> >>> “since energy is $5-7Tn and GDP is $70Tn, the potential saving on energy is >>> around 10%” >>> >>> “maybe I miss the point?” >>> >>> Did you consider the following??? >>> >>> >>> >>> Energy is to economies as physics is to science… it is FUNDAMENTAL, and >>> everything is built on top of it. A significant change to a fundamental >>> will propagate to anything built using that fundamental. >>> >>> >>> >>> *If* LENR is able to deliver very cheap energy, then the cost of ALL >>> PRODUCTS AND SERVICES will also go down… manufacturing requires ENERGY, >>> moving those manufactured products to the end consumer (i.e., >>> transportation) requires ENERGY (gas/diesel). If competition is allowed to >>> take its course, the cost of nearly everything will come down. But the >>> ramifications of this are much more complex, and the reality of how this >>> would affect different aspects of life are hard to predict… my attitude at >>> this point is that much disruption will happen in the short term, but long >>> term the average person will be much better off… we are the most adaptable >>> species on the planet, and we will adapt; economies will adapt; financial >>> markets will adapt… >>> >>> -Mark >>> >>> >>> >>> From: alain.coetm...@gmail.com [mailto:alain.coetm...@gmail.com] On Behalf >>> Of Alain Sepeda >>> Sent: Wednesday, July 18, 2012 8:02 AM >>> To: vortex-l@eskimo.com >>> Subject: Re: [Vo]:Migrant Workers in China Face Competition from Robots >>> >>> >>> >>> just to guive data >>> I've made some quick computation >>> http://www.lenrforum.eu/viewtopic.php?f=3&t=27&p=1139#p1139 >>> >>> since energy is $5-7Tn and GDP is $70Tn, the potential saving on energy is >>> around 10%, >>> that you can interpret as productivity increase. >>> The replacement of world energy source is estimated around 15% of GDP, that >>> can easily be self-financed by the saving. >>> Energy is not free, but few maintenance, ridiculous matter, and some >>> investment. >>> >>> It will be important shock, but not so huge. at most 10% >>> >>> of course you can expect that the technology will become even cheaper, but >>> even if LENR get to zero, the turbines, cooling and alike will stay as >>> expensive (and I have under estimated their cost). >>> Some gain might came from the side-effect of LENR, like fewer pollution, >>> longer autonomy, sociological consequence of easier access to food, water, >>> health, heat... maybe is it there the biggest potential of productivity >>> gain. >>> >>> Now I'm less enthusiast, yet it will very good, energy does not seems to be >>> so important... 10% only. >>> >>> maybe I miss the point?
