26scarab – Sorry buddy, but you are fighting the Law of comparative advantage. An economic principle that states people, and businesses, will gain by specializing in what they do best (read lowest-opportunity cost), and exchange for goods for which they are a high-opportunity cost producer. The classic example is the attorney who can type 120 words per minute. The attorney must decide if his time is best used typing, considering he charges $200 an hour, or hiring someone for $10 per hour who only types half as fast. The lawyer’s comparative advantage lies in practicing law. The attorney will gain by hiring the typist and spending the additional time specializing in the practice of law.
Sorry again if that doesn’t sit well, buts it’s one of the key principles that govern economics. It’s a law that is just as real, just as unchangeable and “there” as laws such as gravity are in the physical world. That’s why free markets are so important. People, businesses, and even governments, need to be free to work with the principle - rather than beat themselves against it forever like the idiots in North Korea. Put crudely, gravity is real – what goes up will come down, don’t waste your time fighting it.
Put fifty little countries (call them states) together and let them trade freely, and look what happens. Couple of hundred years later, the Europeans say, wow, maybe we should try that. You get the Euro.
Others here have stated it in the negative sense, “viscous cycle.” But is mother nature viscous by blowing the **** out of eastern Florida occasionally? No, mother nature is indifferent. So don’t live there unless you can afford the hurricane insurance.
Your on the right track my OSO brother. But if your going to look for a new profession, get with one on the right side of comparative advantage.
Chart – Right on! When’s the last time the government fixed anything. The government is there to draw the lines, not tell us which plays to run.
p.s. Yes, I know – that’s way more than 2 cents. Sorry, back to boating