Re: Surplus Wealth; Geopoltical Expansion; the New Frontier

["Mason A. Clark" <masonc@xxxxxxxxxxxxx>]

Tim MacDonald wrote:

>Capital is formed when individuals within an economic system find themselves
>in possession of purchasing power in excess of what they require to satisfy
>their own, personal wants and desires.
>
>Purchasing power can be "excess" only if our wants and desires are limited.
>
>Therefor, the existence of capital proves that our wants and desires are
>limited.

   It does not so prove.   Postponing consumption in order to improve
   production proves desires are not yet satiated and humans have the
   ability to plan a future.

   What then follows doesn't follow:
>
>If our wants and desires are limited, then by observing them in the limit, we

 ---- snipped----

  On the other hand, it is true that growth going on and on eternally
  is intuitively unreasonable.  "All good things must come to an end."

       Mason