Earlier quoted context omitted.
> Under such a system, most people would be able to earn a living without having to rely on the use of the property of others to do so. Examples of people earning a living in this way would be farmers who own their own land and related machinery, plumbers who own their own tools, software developers who own their own computer Nonsense. Our abundance is increased by specialization not a lack of it. Specialization and…
Generally speaking, I agree with the overall content of your post. However your first and last sentences really emphasise for me the real problem: oversimplifying and stratifying the discussion. "Nonsense" is an extreme overstatement, there are nuances to both arguments. "This is economics 101" is exactly the problem: we're dealing with an economic system that isn't working. Questioning economics 101 is precisely wha…
Can you explain this statement further? North Korea and Venezuela's economic systems aren't working. America and most of Europe simply don't allow everyone to consume as much as they would prefer to consume.
It sounds like you mean "isn't working" in the sense of "an iPhone 5 isn't working as well as an iPhone 7", not "my car isn't working so I can't get to work."