Roarty, Francis X <[email protected]> wrote:
> Even sadder for Greece - their nickel deposits
> could cure their bankrupt economy
>
This certainly off topic, but Greece economy would not be cured, because
mining is capital intensive production and thus it does not help much the
sick market economy of Greece. There should be some better means to deposit
the wealth produced by nickel mining into pockets of Greek consumers. But
usually people are violently opposing a drastic means such as basic income.
In Alaska they are paying the wealth produced by oil as a basic income for
each citizen. This kind of methods should be utilised also in all other
economic sectors because less and less wealth is returned to consumers via
incomes of workers, because work is done by robots and Chinese low paid
labour force (I.e. part time slaves). This is problematic for market
economy, because it means that consumers have less purchasing power to
direct production to satisfy demand. Therefore less iPads are produced.
—Jouni
Ps. I read on last week Martin Ford's book "The Lights in the Tunnel" with
my brand new iPad2. I will recommend the book (just $7 in Kindle Store) and
also tablet computers are nice.
