Skip to main content

Existential Economics: The Fallacy of Demand-Side Economics

We too often accept that the measure of our own successes must naturally hinge upon the extent to which we are able to include or contribute to the lives of others, but this is, of course, untrue. We can take hold of our own personal lives to enhance them by our own original outlooks, creations, and mechanisms by which life is to be principally and existentially measured and supported, and through which our living, breathing moments may be enriched by the commensurate degree to which we are able to satisfy those personally defined measures. We may in fact face reality with nothing more than our own perspectives and the product of our own labor. This is all too possible. 

Indeed, as Adam Smith wrote, one may largely benefit from his immersion into the divisions of labor, but one is held by no obligation, but of his own choosing, to respond to this inherent material advantage. Moreover, one may operate his own economy which serves nothing but the satisfaction of his own desires. He may build it. And he may contract its fruits out to no one. The modern economist wishes to accept that one’s revenue depends upon the presence of demand. 

Here we may finally discover that this belief is unequivocally untrue. It is only out of convenience that this occurs, as permitted by the economies of scale which enable the mass distribution of production and services to be met most efficiently by those who are then able to specialize in optimal unit production in other fields. However, this fails to discredit the input-output model here described in which man may benefit exclusively from his own production, by which his purchasing power — and that of others who may eventually be permitted entry — is positively correlated with the pool of his supply. It is clear here that no level of exogenous consumption — otherwise known as demand — would advance his standard of living. It is only by the direct input of his creative designs and labor that he may benefit, and by which he may consume and thereby enhance his standard of living.     

Comments

Popular posts from this blog

Trump Victorious in 2024 Presidential Election

As of this hour, former President and now President-elect Donald Trump has secured his second term as the forty-seventh President of the United States. Trump’s victory comes after winning key battleground states Wisconsin, Michigan, Nevada, Arizona, Pennsylvania, and Georgia.  As for the popular vote, Trump was victorious there as well, winning by a one-and-a-half-percent margin. Despite these results, it’s evident that there remains a significant social and political problem in the United States, where politically-motivated violence, social unrest, crime and general instability have become rampant over the years since the death of George Floyd.  However, I’d say the fact that it was even this close is ominous for the years ahead. This was as clear as it gets for an election, that the incumbents (both Biden and Harris) are wholly unfit for any office, that they present a real and present danger where they’re allowed within twelve thousand miles of a school zone, let alone any...

Failure by Design

In the case for liberty, there is certainly some tolerance for error or failure, as it is generally suffered by the individual and not brought upon anyone by design . Wherever anyone seeks to empower government, however, one must be reasonably certain of the designs, the logic and the costs, and he must be equally honest about the unknowns as with the foreseeable consequences; after all, there is no margin for error where those designs are administered by the barrel of a gun.  One must necessarily remember that government is a monopoly on force and coercion, that force and coercion serve together as the modifying distinction between government and enterprise. It is a kind of force and coercion not by spirit or intention of written law but in accordance with the letter and understanding of the enforcers in their own time, in their own limited judgment and impaired conscience. As opposed to a state of liberty, where mistakes, failures and crimes are unavoidable in the face of human f...

From BC to AD to AI

Artificial intelligence is bound not only to render the ordinary human being boring by comparison, and in many cases practically unnecessary, but to dispose human beings to hostility toward each other where any dares pose a question or raise a concern instead of taking it up with a chatbot (or AI interface); such a course of action eventually assuming such a regular place in human affairs as to stand in entirely for human discourse and daily interaction.  This is not only a very real possibility when considering the future course of human ‘civilization’; it is more than likely imminent or already upon us.  It is left to be seen just what this will look like, just how this will play out, just what tolerance the species (and even beyond) has for such extremes which this technology is to bring about. Likewise, it remains to be seen whether a heavily-indebted society facing never-ending and unavoidable taxes (i.e. taxes on property) can even be expected to retrain and retool for t...