07 - Understanding our Political Economy - wealth distribution effects

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Lesson 7 - Wealth Distribution

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Understanding our Political Economy LESSON SEVEN Wealth Distribution Effects on Evolving Societies

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Hunters became warrior-protectors Knowledge bearers developed into the priestcraft; and … Those who produced the food and other goods required by all three subgroups for their survival

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“The truth is that merchants and manufacturers, as merchants and manufacturers, are not the ultimate beneficiaries of the protective system, and that mercantile interests can long profit by it only when sheltered behind some special monopoly. ...”

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“This has been shown in the United States, where the owners of coal and mineral and timber and sugar land have constituted the backbone of the political strength that has carried protection to such monstrous length.” Henry George. The Science of Political Economy , p.176

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“While diversities of climate, soil, and geography at first separate mankind, they also act to encourage exchange. Commerce also promotes civilization. It is in itself a form of association or cooperation.” Progress and Poverty , p.278

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“Modern civilization has gone so much higher than any before due to the great extension of association – not just in larger and denser communities, but in the increase of commerce, and the numerous exchanges knitting each community together, and linking them with others far apart; and also in the growth of international and municipal law, advances in security of property and person, strides in individual liberty, and movement towards democratic government. ” Progress and Poverty , pp. 284-285

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“Political economy proceeds from the following simple axiom: People seek to satisfy their desires with the least exertion .” Progress and Poverty , p.6

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This part of the world is mine. I inherited the deed given to my family by the government after the indigenous people were massacred. Go steal your own land from someone else. I have weapons of mass destruction and will use them!

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Mortimer J. Adler

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“The size of a population directly effects the division of labor that is possible in a community, and indirectly its productivity of consumable wealth – the means of subsistence. But productivity is also affected by the technology available. ...”

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Mortimer J. Adler . The Common Sense of Politics , p.86 “A more populous community with a primitive technology may be less productive than a less populous community with an advanced technology. The productivity of a community determines the amount of wealth available to its members and the amount of human time that can be freed from toil or subsistence-work.”

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“… division of labor, when fairly established, benefits all by common pursuit. It is used instead of individuals attempting to satisfy all of their wants by directly resorting to nature on their own.” Progress and Poverty , p.15

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END OF LESSON SEVEN

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