Comments by "Jason Dashney" (@jasondashney) on "Is the world getting better or worse? A look at the numbers | Steven Pinker" video.
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Right Minded - I disagree that "wealth is created through productive work". I don't care how productive people are, if they are chasing money that their own country has created out of thin air, then "getting" more money is just inflation. That's different from increased wealth. Each new dollar makes the existing ones worth less and less. A dozen eggs equals a loaf of bread. It does today, and it did 50 years ago. The food didn't become any more valuable, we just hand over more dollars to buy it now. I just don't see how going into debt increases wealth the same as bringing in foreign assets, debt free, does. Plus, the paying off of debts with increased amounts of dollars (each having decreased values) isn't a sound strategy, it's a borderline ponzi scheme.
Maybe we just aren't connecting on what "productive" means. To me it means creating something where nothing was before. A policeman isn't "productive", and they don't contribute to government coffers because their whole paycheque came from those coffers in the first place.
I'm not sure whether we disagree, or just aren't on the same page with the semantics. Text is so cumbersome.
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