TED Conversations

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David Deutsch says wealth is the repertoire of physical transformation: Is cutting the forest in Indonesia for palm oil creating wealth?

Another example: Draining the Ogallala acquifer to irrigate wealth lands in the Western U.S. creating wealth?

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    Nov 25 2012: What clued you to associate Deutsch's ideas about epistemology to this?
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    Nov 25 2012: No, it's not creating wealth in the way Deutsch means it. Wealth is mostly knowledge.
    For instance, being able to transform palm leaves into palm oil is not an impressive physical transformation.
    To create wealth you must make progress. You must be creative.
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    Nov 25 2012: It is creating wealth. The question is: is it creating the kind of wealth that is needed?
    Is it worth the sacrifice?
  • Nov 25 2012: What one person wants may be so much more important to him than the common good. This is why we have criminal law and war crimes. Wealth for who? is another key to analizing this. Those who drove the Giant Auk and Dodo to extinction received very little for the incremental animals that could have saved the respective species. Do not try to think kindly of the eveil ones. Reread people of the lie by Scot Peck. They are not concerned about you or me.
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    Nov 24 2012: It is a false value when bubbles are created as with ethanol, housing, education, all influenced by the government.
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      Nov 25 2012: Yet caused by lobbyism of the corrupt system of capitalism...
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        Nov 25 2012: And do the lobbyists do their work in the free market or through government?
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          Nov 25 2012: Lobbyists are manipulation specialists on the payroll of private companies.

          They intoxicate democratic governments and their parties. They undermine the core idea of the common good and shift it towards the source of financial power.

          Lobbyists do their work not because of a 'free market', they do their work due to the misuse of the freedom of 'democracy'.