Re: Income distribution [and growth]

["John O'Donnell" <jackodonnell@xxxxxxx>]

"Dr. Bruce McFarling" wrote:

<<SNIP>>

> Of course I am presenting the typical methodology of many
> mainstream economists.  I read PKT to (occasionally) be exposed
> to different facets of non-mainstream economics specifically
> because that sort of nonsense is tolerated in mainstream
> economics.  However, I do not see how naive social engineering
> is any better than mathematically erudite rationalisations
> of the status quo power structure.

My master right or wrong. Have you ever tried to think for yourself? Do you ever
examine events from a causal perspective by looking at consequences of actions
taken?

> >> And, yes, financial wealth is an internal positive feedback
> >> ... it is information generated as a result of a process
> >> that serves to modify the operation of the process.  At a
> >> certain level of wealth holdings, the holder can live on
> >> the returns and continue to accumulate, which is how an
> >> aristocracy of wealth continues to emerge.
>
> > You really do live in a world all to yourself. What action is taken in
> > response to what feedback signal are you attempting to describe here?
>
> If you can't see it directly, then lets go slowly.  The type of
> systems theory that we need is the theory of self-regulating
> natural systems processing matter-energy and information, that
> is, Living Systems theory or some similar General Systems approach.
> So to get our terms of reference in place, do you see that
> financial wealth is information rather than matter-energy?

Yes, financial wealth is an objective measure of a subjective perception held by
many. So? Does this somehow mean that the outcome of an action taken is of no
consequence in judging the propriety of having taken the action?

--
   -- jbod

  Tax Privilege, Not People
___________________________________________________
Come visit and see a new economic perspective --
       http://www.geocities.com/CapitolHill/1067
           Comments/arguments welcome.
.