Friday, March 9, 2007

fund of econ

The fundamental aspects of money and supply and demand in economics produce a system that in some ways emulates a survival of the fittest scenario. The goal for every nation is not economic survival but economic prosperity. Economics is a Human invention and as a result does not follow exactly a Darwinian evolution. Rules of economic behavior are created by the national community. These rules are written by and favor those nations who will be able to realize the greatest gain from their implementation. Economics is much like a sport in which the rules are enforced by the home team. In order to succeed, economics must be played according to the current rules. Whether or not these rules represent an equitable exchange of value is irrelevant. Either poor nations will remain in poverty until the rules for economic prosperity change or a poor nation can play the game by the rules.

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