Re: what is economics for anyways????????

On 7/30/26 12:55 PM, Dude wrote:
> On 7/30/2026 10:07 AM, dart200 wrote:
>> On 7/30/26 7:12 AM, Wilson wrote:
>>> On 7/29/2026 6:06 PM, Noah Sombrero wrote:
>>>> On Wed, 29 Jul 2026 17:56:29 -0400, Wilson <[email protected]>
>>>> wrote:
>>>>> On 7/28/2026 5:46 PM, Noah Sombrero wrote:
>>>>>> On Tue, 28 Jul 2026 17:06:38 -0400, Wilson <[email protected]>
>>>>>> wrote:
>>>>>>> On 7/28/2026 2:40 PM, Noah Sombrero wrote:
>>>>>>>> On Tue, 28 Jul 2026 13:50:07 -0400, Wilson <[email protected]>
>>>>>>>> wrote:
>>>>>>>>> On 7/28/2026 1:28 PM, Noah Sombrero wrote:
>>>>>>>>>>
>>>>>>>>>> So exactly how important is it for rich people to get richer?
>>>>>>>>>
>>>>>>>>> Killing innovation will make everyone poorer than they would 
>>>>>>>>> have been
>>>>>>>>> otherwise.
>>>>>>>>
>>>>>>>> Generating more billionaires will make everyone else poorer than 
>>>>>>>> they
>>>>>>>> would have been otherwise.  What makes you think curious 
>>>>>>>> thinkers will
>>>>>>>> stop thinking if people get smarter about commercialism?
>>>>>>>
>>>>>>> Billionaires don't make anyone poorer, that's reductionist thinking.
>>>>>>
>>>>>> It is mysterious where all that money comes from, right?
>>>>>>
>>>>>>> Curious thinkers can be curious all day but communally owned 
>>>>>>> solutions
>>>>>>> won't automatically provide the financing necessary to do 
>>>>>>> anything new.
>>>>>>
>>>>>> See this is your fantasy.  Support for new ideas comes from business
>>>>>> financing.  R&D is too expensive and risky for business.  If you have
>>>>>> a good idea, put your own company together and make it 
>>>>>> profitable.  If
>>>>>> it works business will buy you out.  Of course there will always be a
>>>>>> few who resist the deal they can't refuse.
>>>>>>
>>>>>> But govt is not required to make a profit, can afford risks, which is
>>>>>> why govt grants are so important to university research.
>>>>>>
>>>>>>> History shows communal mostly restricts innovation and new ideas 
>>>>>>> from
>>>>>>> ever coming into fruition.
>>>>>>
>>>>>> Your history.  So let's do something new.  Something you at least 
>>>>>> have
>>>>>> not imagined, even if others do.
>>>>>>
>>>>>> My point is that your ideas are not a priori as so certain sure as 
>>>>>> you
>>>>>> are of them.  Other people can other ideas and that does not make 
>>>>>> them
>>>>>> reductionist thinkers or anything else.  Unless you have an interest
>>>>>> in do nothing, do nothing, do nothing.
>>>>>
>>>>> The assets billionaires have are almost all stock in their companies,
>>>>> which come from investors.
>>>>
>>>> Which ultimately had to come from consumers, unions, pension funds,
>>>> etc. in one way or the other.  In other words from people who no
>>>> longer have it.
>>>>
>>>>> The military funds a lot of R&D, yes. And academia does as well. But
>>>>> most "hard" R&D is done by businesses.
>>>>>
>>>>> Data from National Center for Science and Engineering Statistics.
>>>>
>>>> Do you suppose you have found a source without a business bias? 
>>>
>>> Do you suppose that the National Center for Science and Engineering 
>>> Statistics is biased towards business?
>>
>> that's just a raw tally of dollars spent wilson, this does not measure 
>> the quality, impact, or novelty of said r&d
>>
>> heck my entire career consisted of what would be counted at r&d for 
>> the private market, yet nothing which i had developed upon was 
>> something that hadn't been implemented dozens of times over by that 
>> point, if not 100s, as competitive software development is an ungodly 
>> retarded anti- pattern if one's goal is labor efficiency
>>
> That's why companies always locate the IT department in the basement - 
> labor efficiency. No windows to gaze out of fantasizing how great it 
> would be to have a desk and a cubicle with a view. YMMV.

that's why we should put old useless farts like urself into a grave 
sooner rather than later

> 
>>>
>>> They
>>>> call it R&D.  How much of that is foundational research, research for
>>>> its own sake?  And how much is for adapting useful foundational
>>>> research to commercial and military purposes?
>>>>
>>>> Figures don't lie, but liars sure can figure.
>>>>
>>>>> "Adjusting for inflation (in constant 2017 dollars), U.S. total R&D
>>>>> expenditures are estimated to be $792 billion in 2024. The business
>>>>> sector funded $592 billion of this amount and the federal government
>>>>> funded an additional $148 billion."
>>>>>
>>>>> https://ncses.nsf.gov/pubs/nsf26314
>>>>>
>>>>> So much of you think you know is simply wrong.
>>>>
>>>> Simply not wrong...
>>>
>>
> 

-- 
hi, i'm nick!
let's end war 🙃