General Discussion

They don't conflict, this economists see's it as more of an economic evolutionary process, if you will. Just as feudalism evolved to mercantilism, mercantilism to capitalism, capitalism will evolve to socialism.

I even propose something radical that will get me in trouble with others and perhaps condemned as a economic heretic... Let's place value on not producing goods and services. I feudal Europe they would leave land fallow roughly every seven years, even they recognized that extracting everything you possibly can from it is like killing the goose that laid the golden eggs. Long term gain for nothing gained that year.

If people can't tell the difference between an iPhone 4 vs 10...as seen on the Jimmy Kimmel show, then is the iPhone 10 a good use of scarce resources?