Economics 101: Production, coercion and theft

Discussion in 'Politics' started by poncho, Dec 6, 2013.

  1. poncho

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    Mar 30, 2004
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    There are only three ways to accumulate money and wealth in world (other than stumbling across a hidden treasure and actually finding money, that is):

    #1) Production: Offer something of value in exchange for money voluntarily traded by recipients

    #2) Coercion: Confiscate money (or stores of value) by claiming authority over those who earn it

    #3) Theft: Steal money (or stores of value) from those who already have it

    Every person in society today acquires money in these three ways (with "gifting" being a fourth way that's in a separate category because it's passive, not active). The office worker, the entrepreneur, the laborer, the weekend burglar and even the professional politician all acquire money in one of these three primary ways.

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    In summary, the fall of society can be understood through these key transitions:
    #1 poncho, Dec 6, 2013
    Last edited by a moderator: Dec 6, 2013

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