Quick Wealth Network

wealth creation mystery -- you win, i win, everyone wins, who then is the loser?

Public Comments

1. It is not a zero sum game. Your winnings do not have to come out of a limited amount and demand that it is taken from someone else. As there are more winners the pool of available money increases..
2. The simple naive poor people who beleive that they can save their money and after several years when they have saved up they receive a shock to find what they have been saving up for is now gonna cost ten times more. The wealth creation mystery is created by the Fed to keep the banks in control of all the wealth and assets which people think they own.
3. well, we don't win and lose. there is a circular follow of money from consumers to firms and firms back to consumers via wages. as we gain wealth, we are really just offsetting inflation so we are staying where we are, just at a different overall level of everything
4. To DrB: Who says it is not zero-sum. Every of your activities are inevitable zero-sum, because a debit must attract a credit, or dr-cr=0, hence zero-sum. It does not mean everything goes back to zero or emptiness, but simply means we could not run away from the law of causality, which means a source for every outcome. However, on the whole, we see everyone wins (the poor win at least some food for survival, while the rich win much more), who then is the loser? It cannot be that there is no loser as it will violate the law of causality. The win-win examples quoted in Economic Textbooks are only a few isolated and non-universal explanation. They are highly unconvincing. To Michael and Therobbi: Money is only a small part of the total wealth. It is used to express wealth by repeatedly circulating via banking system.
5. wealth creation is a competitive game. Those who create wealth and associated with the process of value addition are all winners. But those who destroy wealth and are associated with the process of wealth destruction are the losers. Their is no mystry. Those who kill the goose that lay golden eggs out of greed or jealousy loses ultimately.
6. To b'sen: You seemed to detach winner from loser. Do u mean u can win a wealth out of nothing? This is not true at all. Think of any activity u do today, it is all "in" versus "out" or vice-versa. e.g. u buy some gasoline-the kisok gains the $ and lose the gasoline while u provide the $ and gain the gasoline. You could not violate the law of causality. Since you said there is no mystery, but u have not detailed out how wealth is created and out of whom. I feel there is such a mystery which is the greatest quest of the mankind civilization. Perhaps u have such a great answer in details.