21–25 of 25 posts
The hydrology term you are looking for is catchment. I suspect an analogous economic "catchment", could be a company town, or a country who's economy is closed to the rest of the world.
Thats why giving money to the poorest people works.
Its called the trickle up effect..
as opposed to the now debunked trickle down effect, which was a invented theory of the 1%rs in an effort to speed up the trickle up effect to their own advantage.
All money flows to the top 1%rs. Thats why giving money to the poorest people works. Its called the trickle up effect.. as opposed to the now debunked trickle down effect, which was a invented theory of the 1%rs in an effort to speed up the trickle up effect to their own advantage.
If by "money" it is meant value, then I wonder if money really can accumulate somewhere, since it is subject to devaluation.
Earlier quoted context omitted.
Yep, that's exactly the kind of possible and believable explanation (not perfect of course, but a generalisation) that I think would be useful to examine and prove/disprove. (separately: perhaps Georgism would require some upgrades for today's digital economy where land isn't necessarily required for production)
Well Georgism says land deserves special treatment because "downtown San Francisco land" is a finite resource you can't make more of. Perhaps that would also apply to tech "real estate" like, 3 letter .com domains? But I think a lot of big tech's expenses are engineer salaries in High Cost of Living areas, which really does come down to landowners preventing housing construction there.