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This Month's Featured Post:
Economic Wargames
By Dal Timgar
The following essay is about the economic system of the
world today. One of my readers who approves of the
content refers to "economic wargame" as a metaphor.
Much as I appreciate his approval, I disagree that it
is a metaphor. This is the real deal. Let me give you
a metaphorical overview of my presentation.
The global economy is a giant multilevel, multiplayer
chess game. It is however, being played in the dark.
The powers that be, have the overhead lights switched
off. To have any chance you need a flashlight, and that
would still leave the problems of learning the rules and
developing your skills. It seems most people only have
a vague idea that some game is going on. I hope this
essay can be a candle, for ye who curse the darkness.
NNP = GNP - Dcap
This equation defines the Net National Product (NNP).
It is equated to Gross National Product (GNP) minus
Depreciation of CAPital goods (Dcap). The trouble with
this equation is that depreciation of durable consumer
goods is missing. Random House defines depreciation
thusly:
- 1. a decrease in value due to wear and tear, decay,
decline in price, etc.
- 2. U.S. such a decrease as allowed in computing the
value of property for tax purposes.
Continued
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