View Poll Results: Which component of an economy holds the highest value?

Voters
19. You may not vote on this poll
  • Creativity, innovation, invention, vision

    6 31.58%
  • Willingness to risk capital

    1 5.26%
  • Labor

    7 36.84%
  • Natural resources

    1 5.26%
  • Tax revenue that finances services government provides

    1 5.26%
  • Other. Explain.

    3 15.79%
Page 1 of 2 12 LastLast
Results 1 to 10 of 20

Thread: Which components of an economy hold the highest value and why?

  1. #1
    Guru
    Smeagol's Avatar
    Join Date
    Jun 2012
    Last Seen
    02-19-17 @ 11:35 PM
    Lean
    Undisclosed
    Posts
    4,147

    Which components of an economy hold the highest value and why?

    Which components of an economy hold the highest value and why? The answer to this question might offer insight to our various ideologies. Alternately, the answers might cause us to question our various ideologies.
    Having opinions all over the map is a good sign of a person capable of autonomous thinking. Felix -2011

  2. #2
    Sit Nomine Digna
    Carjosse's Avatar
    Join Date
    Jul 2012
    Location
    Montreal, QC, Canada
    Last Seen
    Yesterday @ 10:41 PM
    Gender
    Lean
    Liberal
    Posts
    11,208

    Re: Which components of an economy hold the highest value and why?

    The workers the ones that actually do all the work. Whether you work in a factory producing automobile parts or in an office building filling that spreadsheet for the 2nd quarter profits you are the foundation of the economy. The other thing that holds value is the ability to innovate and create things without that we wouldn't have the things we have now and still be driving horse drawn carriages actually those wouldn't exist either.
    Last edited by Carjosse; 01-02-13 at 09:26 PM.

  3. #3
    Elitist as Hell.
    Einzige's Avatar
    Join Date
    Jun 2012
    Last Seen
    10-29-16 @ 02:55 PM
    Gender
    Lean
    Libertarian - Left
    Posts
    2,655

    Re: Which components of an economy hold the highest value and why?

    Light industry and consumer products.

    Rationale: the Soviet Union was able to consistently outpace the United States in heavy industry and the production of tempered metals, but they lagged far behind in the development of a consumer economy. This fact, more than any other, plagued them from virtually the 1920s through to perestroika and led directly to the dissolution of the USSR.
    I dip my forefinger in the watery blood of your impotent mad-redeemer (your Divine Democrat — your Hebrew Madman) and write over his thorn-torn brow, “The true prince of Evil — the king of the Slaves!”
    - Ragnar Redbeard, Might Is Right, 1890

  4. #4
    Liberal Fascist For Life!


    Redress's Avatar
    Join Date
    Mar 2008
    Location
    Georgia
    Last Seen
    Today @ 03:38 AM
    Lean
    Very Liberal
    Posts
    93,344
    Blog Entries
    2

    Re: Which components of an economy hold the highest value and why?

    Why is demand for products and services not on the list? Nothing else approaches that in terms of effect on the economy.
    We became a great nation not because we are a nation of cynics. We became a great nation because we are a nation of believers - Lindsey Graham

    Quote Originally Posted by Fiddytree View Post
    Uh oh Megyn...your vagina witchcraft is about ready to be exposed.

  5. #5
    Guru
    Smeagol's Avatar
    Join Date
    Jun 2012
    Last Seen
    02-19-17 @ 11:35 PM
    Lean
    Undisclosed
    Posts
    4,147

    Re: Which components of an economy hold the highest value and why?

    Quote Originally Posted by Redress View Post
    Why is demand for products and services not on the list? Nothing else approaches that in terms of effect on the economy.
    You're right. I should have thought through the choices more thoroughly. I instantly thought of a couple the moment I hit submit. Feel free to select other.

    What I'm trying to get at more than anything else, is whether our various ideologies that support labor interests being supreme, corporate interests holding exclusive power over business especially if they rely on limitedly available natural resources, big regulatory government and entitlements, investors owning rights over inventor's intellectual property because of a system whereby they were employed by them at the time the idea was conceived then go on the rake in bank while the inventor was 'already paid' etc., etc., are justified by our own opinions on what is most important.

    I for one think there needs to be a law that gives the actual inventor a minimum ownership stake on their ideas that lead to patents, even if they were working for someone else at the time the invention was conceived. I think if a company operates by selling natural resources that have a limited supply, everybody owns a piece of it.
    Last edited by Smeagol; 01-02-13 at 09:41 PM.
    Having opinions all over the map is a good sign of a person capable of autonomous thinking. Felix -2011

  6. #6
    Discount Philosopher
    specklebang's Avatar
    Join Date
    Jan 2012
    Location
    Las Vegas
    Last Seen
    06-05-14 @ 08:26 PM
    Lean
    Other
    Posts
    11,524

    Re: Which components of an economy hold the highest value and why?

    Creativity, innovation, invention, vision - That was our strength in the 1990s. Less so today unfortunately.
    Willingness to risk capital - We're not the only country with capital. So, relatively meaningless.
    Labor - This is where we are failing as wages drop and unemployment abounds. It should be our strength...
    Natural resources - We are the richest in that respect but we are using these up at an alarming pace. Think of "tree museum".
    Tax revenue that finances services government provides - While oft disregarded, this is the underlying basic. Think roads....
    Other. Explain. - There are many other major components as well. Even Pork has its value.

  7. #7
    Gradualist

    Join Date
    Apr 2011
    Last Seen
    09-25-17 @ 12:48 PM
    Lean
    Socialist
    Posts
    34,949
    Blog Entries
    6

    Re: Which components of an economy hold the highest value and why?

    Labor. Without workers there would be no one to do the work. Without workers there would be no societies to be found


  8. #8
    Sage
    Fisher's Avatar
    Join Date
    Sep 2012
    Last Seen
    12-06-13 @ 02:44 PM
    Gender
    Lean
    Very Liberal
    Posts
    17,002

    Re: Which components of an economy hold the highest value and why?

    Innovation--but for it we would still be trying to get our horse to plow a straight row. second most important would be willingness to invest capital. Without those two, labor would not exist.

  9. #9
    Guru
    Smeagol's Avatar
    Join Date
    Jun 2012
    Last Seen
    02-19-17 @ 11:35 PM
    Lean
    Undisclosed
    Posts
    4,147

    Re: Which components of an economy hold the highest value and why?

    I also would like to see more average people 'make it big' through their hard work and creativity and not just those who already have a lot of money to invest, although I'm happy for them too. I like win wins, not just one group with all the power and opportunity especially if one group uses the its power to keep others from reaping the rewards of their efforts who are busting their butts and coming up with world changing ideas.
    Having opinions all over the map is a good sign of a person capable of autonomous thinking. Felix -2011

  10. #10
    Sage

    Join Date
    Dec 2005
    Location
    Goldsboro,PA
    Last Seen
    12-15-17 @ 04:07 PM
    Gender
    Lean
    Progressive
    Posts
    5,596
    Blog Entries
    1

    Re: Which components of an economy hold the highest value and why?

    All of them, aka "other".
    Japan and England have done well without material recourses.
    IMO, education is the most important, in both morals and the sciences....
    Could a lack of "morals" be hurting Russia ?
    The government to regulate and do this wisely. ...And to have all working together...

Page 1 of 2 12 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •