Legendkiller obliterated your points. There's a reason why von Mises and the Austrian school in general are not taken seriously by real economists.
Think about international balance of payments. The Chinese workers average around 7500 $USD per YEAR. Can anyone here imagine working for that little? No? That's because the value of your labor is heavily overpriced. We don't produce, all we do is consume. There is the pesky trade deficit, and how is it financed? The Chinese loan us the money we spend on their goods back to us so we can buy more goods from them. (Physical media is in here) And people think this is how trade works. hahahahaha
Frankly, i think the people in this thread don't want to admit that they aren't worth, in labor terms, as much to the world market as the average Indian or Chinese worker.
In your view, are there market sectors in North America that you consider to be appropriately priced, or are they all overpaid?
certainly there are correctly priced jobs and productivity in NA (or at least in terms of international payments). But if you look at the amount of service sector jobs and the amount of money spent on consumer goods, they do not come to proper proportion with what the USA produces and what would be required for reinvestment in consumer goods.
75% of our jobs are in the service sector (making sandwiches, teachers, R&D [which is good] and pushing papers) and roughly 10% are unemployed...are you seeing where i am going with this? 15% of our economy is production (physical) and my guess is about 7-8% of that is military (based on 14% of our GDP) whicxh is consumed, not by people, but by MNCs and governments. that other 7-8% is domestic production (food, petroleum, tables? etc.). The numbers do not add up for US sustainability.
do you see how the Austrian school is a little MORE complicated than Keynes?
When they say that mathematics isn't useful they mean for planning the economy not for theorizing on the subject of it.
the film industry tv industry and vg industry all create a product here in the united states and you want to destroy that via stealing the product from companies. Dont consume the content if you dont want to pay for it.
We are rpicing out a new stage right now.
48" of owens corning 2" 703 is $100 we need $8000 worth
the construction workers want 32k for the build out including drywall and labor.
We need to cover the 703 with acoustic cloth 66"x3' is 15.00usd we are covering a huge area with it.
We have to have a dolby tuned stage to mix the films in. So we have to pay dolby to come and tune the room with eq (eq that we have to buy - 6 channels worth = $6000)
Dolby charges $1000 for a modisk audio master to be layed back to film. This is on top of having the engineer out to record the printmaster of the final mix. Rent on our space is 18000 a month.
So how the fuck is your little model going to work?
Hahaha, I've read plenty about the Austrian school. They offer abstract models, but as you mentioned specifically claim you can't model the real world. So in other words, when actually trying to deal with reality, they run away screaming from all the scary numbers. You're getting really mad now that everyone is dogpiling you for ascribing to such a ridiculous economic fantasy. I know it hurts when you realize that your view of the world is built on fairy tale bullshit, but don't worry, you'll feel better in time.
There's a reason why there's never been a successful implementation of Austrian theories in an economic system and no, it's not because everyone's scared that it's going to work so amazingly well.
the film industry tv industry and vg industry all create a product here in the united states and you want to destroy that via stealing the product from companies. Dont consume the content if you dont want to pay for it.
We are rpicing out a new stage right now.
48" of owens corning 2" 703 is $100 we need $8000 worth
the construction workers want 32k for the build out including drywall and labor.
We need to cover the 703 with acoustic cloth 66"x3' is 15.00usd we are covering a huge area with it.
We have to have a dolby tuned stage to mix the films in. So we have to pay dolby to come and tune the room with eq (eq that we have to buy - 6 channels worth = $6000)
Dolby charges $1000 for a modisk audio master to be layed back to film. This is on top of having the engineer out to record the printmaster of the final mix. Rent on our space is 18000 a month.
So how the fuck is your little model going to work?
Look at, "It's always sunny in philadelphia" the first season barely had a budget at all and it rocked. as they got more and more money the quality suffered. From this follows that money doesn't necessarily = quality.
or curb your enthusiasm, the only budget they have is the actors pay (probably a lot). Pretty sure that show is little more than mics, licenses (shot on local), and cameras (or it was, the last few seasons have had more production value).
I'm just telling you that the market is unbalanced and that your line of work has a lot of money that flows into it that will decrease as the internet becomes more accessible. Scarcity is non existent on the net and physical goods still are, so in terms of the structure of wants, they will take precedence. Things on the internet (aside from delivery retail) are worth less. In China piracy IS physical. They buy bootlegs on the streets, we (in the West) download those same videos. They are damaging in some ways, the old ways, but beneficial in the future.
You are soooo off base man. Holland 16th Century. Best example of a stateless society increasing their standard of living in history. Sadly, it only lasted for about 75 years. The problem is that people have the sad desire to control other people and that is why they convince themselves of myths like the government is there to protect us.
maybe my picture will show up cause obviously you didn't click that link to Austrian modeling.
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Are you trying to say that more money decreases quality based on your one example? There are a thousand reasons why later seasons degraded in quality and I'm pretty sure it had less to do with money and more to do with writing.
I dont think you understand exactly what goes into a modern production.
The market is imbalanced because you steal from me.
Sustainability is a separate topic from wage levels - let's not intermix the two unnecessarily.
I'm trying to reason this out loud, so bear with me. I think a lot of your argument here hinges on the production of physical items that by their very nature must be mined in North America as being the only things of concrete value.
I think that's untrue, and my proof for that statement is reality. Software developers at Google are not paid six figures because of protectionism or because the management of the company are fools. They simply realize something that I think you've dismissed due to a too simplistic outlook: The combination of how those developers have been educated, the infrastructure available to them locally, and the paradigm that they think with is world-class. Each of those three things have a basis in being born and living in North America - something I think people who haven't traveled extensively don't realize.
The same is even more immediately obvious for people working on a Hollywood film. The quality from start to finish remains a notch above that of any other nation's, and that is local talent and infrastructure at work.
Film workers and software developers in North America do in fact compete with those living overseas. That competition is waged 24/7/365 and yet those jobs remain local. Eventually the rest of the world will pull even and things will become more interesting, but that won't happen in a vacuum - significant costs will be undertaken to bring Chinese and Indian infrastructure and schooling up to par, and that money will be paid for with income and property taxes. The Third World will become more expensive; the West will become a little less so. Frankly, with the overpopulation issues those countries face I suspect they'll get it much worse than we will.
Your example of patenting the idea of a house doesn't prove anything. We all know that the one-click patent by Amazon is ridiculous, but it doesn't invalidate software patents themselves.
I most certainly did click your link. The fact that the Austrian school does have a model doesn't mean that they don't explicitly deny their general use. This isn't even a point of contention.
Oh and if you're talking about the Dutch Golden Age I'm going to have to laugh at you even more. Truly we should hold up the creators of Tulip Mania as a paragon of economic wonder.
The bold points first, yes. correct. they think and act with what is available to them now and that is the US economy being the hub of all trade. This allows them cushy amounts of resources to develop on. Not to mention their (Google) contracts with DARPA and NSA. Lucky for us.
Second bold phrase, where do you think that comes from? Let me put it this way. All currencies are fiat. That is they promise to pay more of itself upon redemption. The value of these currencies is, therefore, dependent on the current, taxable, level of production that takes place. That level is contingent on imports/exports and consumption/investment. If we cannot service the debt then we cannot borrow and we fall back to our 15% production base.
IE. the money is worth what it trades for and when credit becomes scarce....Google will have no resources to develop with (in the US) they will leave like everyone else.
We need to setup conditions where production is attractive again or prices will never fall again.
Are you trying to say that more money decreases quality based on your one example? There are a thousand reasons why later seasons degraded in quality and I'm pretty sure it had less to do with money and more to do with writing.
I dont think you understand exactly what goes into a modern production.
The market is imbalanced because you steal from me.
Look, pretty much everything you've written is very amateur hour. You base most of your points off of a response to exceptions instead of norms, you're conflating a number of issues that have nothing to do with each other, and you've arbitrarily decreed that an unproven, nearly abandoned school of economic thought holds more weight than the system actually in use for centuries worldwide.
The world works the way it works not because it's twisted and held intact only by the conspiring of state actors and MNCs and the military-industrial complex. Things cost as much as they do because for the most part, that's what the investment in education, infrastructure and effort costs. The market does work, it does tell the truth, and it is the product of worldwide competition. That you don't grasp that is an enormous sign that you've never worked in a real career before - no offense.
I commend you for thinking, but don't get too caught up in this that you can't ever say, "I could be wrong."
That analogy doesn't pan out though. Libraries aren't free; you already pay for it via local taxes. And when you borrow something from the library, you don't get to keep it forever; you have to return it after a certain amount of time. Even if you renew it repeatedly, if someone else places a hold on it, you no longer get to keep the materials. If you do, you start incurring fines, so you're paying for those materials (again). That's not free; it's just the cost is so minimal because it's spread out over a population rather than just absorbed by one person. But it's also not a viable alternative to people purchasing their own materials.Look at a library. Those books had thousands of hours of effort put into their writing and publication, but they are free at a store that is generally run by the local (city/county/state) government. Why can't movies be..., oh wait well then cds..., oh wait, or video games...dammit i'm way behind. All of your shit is free at the library. I guess the benefit is that we don't need that building anymore (well we do, but not for affluent nations) because we all have computers...pfft i knew there was an example out there in the world i've never been to.
Stealing requires, "permanently depriv[ing] the owner or the person with rightful possession of that property or its use." Copying is not stealing, although it is borderline, it doesn't fit the whole definition.
Bullshit - you are stealing from me. as the 3rd world becomes the first world they will crave what I sell. when all of china onlines as a middle class they will want american movies and they will want to experience them in a theater.
I have no worry about my industry going away. If we cant alter how the internet works then everything we make will be watermarked with advertising and you will pay anyhow.