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Wednesday, June 25, 2014

There is a science of wealth creation ( Economy news)

  The ECONOMY news in the Providence Journal today ( A10 , June 25 ) reports: " Wealth gap widens amid slow recovery, researchers report ". Why is wealth and wealth creation so mystified by the capitalist news media ?  Why does it make finance capital , the creation of profit- of social surplus value- seem the magical power of wealthy individuals ?  The gods of the  " free market " are not to be questioned in the same way  Isaac Newton questioned the forces of nature ?
        Only in the last two centuries were the mysteries of mass-energy solved. The fundamental law of conservation of energy- oddly enough, discovered during the Industrial Revolution- prohibits the creation of something from nothing. You think this fundamental scientific discovery has no relevance to human wealth creation, to capitalist economics ?  You think our tiny plutocracy makes more EFFORT than the rest of humanity combined ?  But  all EFFORT -even intellectual EFFORT - has only one objective measure known to  biological science : calorie consumption. The brain of our very busy plutocrat  operates at the energy rate of a dull light bulb. Otherwise his active brain would simply have a feverish meltdown.
              This is not a compelling argument for radical egalitarianism. But it does set limits on how much wealth can be rationally permitted to any single individual. A socialist society will not deprive any individual of the fruits of his or her labor. It will simply socialize tangible surplus wealth. And why should a majority of voters not decide in favor of real economic justice ?  Is real democracy so very subversive to our American plutocracy ?
        Can we afford to ignore simple science ?  If any economics scholar at the Providence Journal can make a fool of me here, let him do so . Or let HER : consult your LETTERS favorite, Susan Berge, the oracle of Burrillville  I  very much want to know if I am a fool before I sleep the sleep of the just !

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