economics

Economics 101: Production, coercion and theft

by Mike Adams, Natural News  |  published on April 3, 2013

I’d like to share a lesson in economics today, and I call it the “Production, Coercion and Theft” lesson.

There are only three ways to accumulate money and wealth in world (other than stumbling across a hidden treasure and actually finding money, that is):

#1) Production: Offer something of value in exchange for money voluntarily traded by recipients

#2) Coercion: Confiscate money (or stores of value) by claiming authority over those who earn it

#3) Theft: Steal money (or stores of value) from those who already have it

Every person in society today acquires money in these three ways (with “gifting” being a fourth way that’s in a separate category because it’s passive, not active). The office worker, the entrepreneur, the laborer, the weekend burglar and even the professional politician all acquire money in one of these three primary ways.

Production means offering something of value to another party who is willing to trade you dollars for it. It can include both goods and services. A 9-5 office worker, for example, offers the value of their time and effort, and in exchange they are compensated at an agreed upon pay rate.

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