Take the mobile phone.. the demand for communication any where at any time created this product ultimately. The demand for communicating faster between people lead to the telegraph and the telephone. Demand to be able to travel faster and further lead to the airplane. The list goes on and on. Very few products if any have been created and started a demand for said products.. even the computer you are writing on, originally was created to deal with a certain demand.
Ultimately the demand for entertainment has created many different forms of entertainment. We have opera, theater, books, stories and so on because of this demand and this includes the XBox. Yes it required a company like Microsoft to sit down and create the Xbox by hiring geeks and so on, but they would have not done that if there was no demand for entertainment and games. Now why did people want to demand something like the Xbox.. well because before the Xbox there was Nintendo, and before that Atari. Before home computer games there was things like billiards, chess and cards. All these things were created because there was demand for games and entertainment and someone invented them.
So again, you are the one who dont understand.. there would be no Xbox, PS4, and so on, if there was no demand for entertainment and games.
"The idea of lean Nordic government will come as a shock both to French leftists who dream of socialist Scandinavia and to American conservatives who fear that Barack Obama is bent on “Swedenisation”. They are out of date. In the 1970s and 1980s the Nordics were indeed tax-and-spend countries. Sweden’s public spending reached 67% of GDP in 1993. Astrid Lindgren, the inventor of Pippi Longstocking, was forced to pay more than 100% of her income in taxes. But tax-and-spend did not work: Sweden fell from being the fourth-richest country in the world in 1970 to the 14th in 1993.
Since then the Nordics have changed course—mainly to the right. Government’s share of GDP in Sweden, which has dropped by around 18 percentage points, is lower than France’s and could soon be lower than Britain’s. Taxes have been cut: the corporate rate is 22%, far lower than America’s. The Nordics have focused on balancing the books. While Mr Obama and Congress dither over entitlement reform, Sweden has reformed its pension system (see Free exchange). Its budget deficit is 0.3% of GDP; America’s is 7%.
On public services the Nordics have been similarly pragmatic. So long as public services work, they do not mind who provides them. Denmark and Norway allow private firms to run public hospitals. Sweden has a universal system of school vouchers, with private for-profit schools competing with public schools. Denmark also has vouchers—but ones that you can top up. When it comes to choice, Milton Friedman would be more at home in Stockholm than in Washington, DC."
The Nordic countries: The next supermodel | The Economist
Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.
Alexis de Tocqueville
And who really fills that demand?
Everyone. Everyone does. The business owner is not some special being floating above it all. They're another cog in the machine. The people in the fields growing tomatoes and raising cattle, the truck driver who delivers the fruit and meat, and the people who toss it on a grill and make a burger are all filling the demand.
You think without your efforts, I wouldn't be entertained? Nobody else could make an Xbox or a tennis racket? Laughable.
One of you will end up here next!
It works when you incentivize private sector investment.
Not speculation and savings, which is what happens when Liberal economic principles like stimulus for the purpose of " increasing aggregate demand " are implemented.
And how would you know whether or not " trickle down " works or not ?
You clearly don't understand it.