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Subject:
why sovereignty for Scotland would fail even in a free marketFrom: AnnoyMint
Date: Fri, November 28, 2014 6:59 am
To: "Armstrong Economics"
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I didn't explain well in a way that Martin can understand from the
perspective of international capital flows.
Martin thinks that if for example Scotland could vote for sovereignty,
then it could be a safe haven for and receive a huge influx of capital. He
thinks this could lead the way back towards freedom and back from the
cliff-towards-the-abyss of oppressive governance we are facing and
approaching.
What Martin fails to factor into his analysis is that there isn't enough
investment opportunity in Scotland to absorb that capital and thus it
would end up as a huge bubble that would egress and collapse on itself,
destroying Scotland. This is what I mean about the old world economy
doesn't have enough economy-of-scale for nations that go it alone.
The global economy is bifurcating splitting into the old economy of hard
resources and industrialization which is of very low relative marginal
profit compared to the fledgling knowledge age economy paradigm shift
which is going to take over the world. The knowledge age grows
decentralized and doesn't have any borders, so economy-of-scale is not a
problem. Also the knowledge age doesn't require much MONETARY capital, because
knowledge is basically individual innovation (you need KNOWLEDGE capital). Basically you need a few
guys in a garage tinkering. Throwing more money at them won't produce a
better or faster result. Often the more money a start up has, the less
efficient they become due to the Mythical Man Month.
So the old world economy has no choice but to form alliances to try to
sustain itself in the face of the knowledge age which is so much more
profitable and lean. The majority of the population is not ready for nor
capable of jumping into the knowledge age, well especially the old people
in the West. Oxford did a study that concluded that 47% of all jobs would be
replaced by automation before 2032. India just orbited Mars with a measily $74 million budget.
The innovative youth are in the developing world. The future is there.
Martin with all his political writings is really wasting his time on the
old world economy. If he was smart, he'd spend his time creating
technology to push the knowledge age forward faster. All that political
talk is as inefficient as the old world economy is. It is for the old
people to waste their time ranting about in trailer parks.
Those who can’t build, talk:
http://esr.ibiblio.org/?p=3514One thing I can agree with is whether by design or not, the nation-states
are being fractured internally and reduced to such chaos that they won't
function with any sufficient economy-of-scale without regional integration
and discipline (order). This old world economy is orthogonal to the
fledgling knowledge based economy, the latter can scale decentralized but
the former can not.
The global economy is bifurcating as I had outlined in my seminal essays
and which CoinCube themed "
Economic Devastation" which became a prominent
thread on bitcointalk.org.
The higher echelon globalists' objectives in the Ukraine are the same as
being displayed all over the world, which is Balkanization i.e. fracturing
of nation states in the move towards regional government (for example Iraq
is divided into three regions in the elites' Greater Middle East Project
map).