I learnt many things here.

Gross National Product is not the same as Net National Product.

Mass production?

which I find is somewhat ironic.

Just smart people moving bits. Different rules.

2006 was a great year.

What's the most important things you need to do for the business to make the business model work.

Life was very small for most people.

Within the Solidarity Economy, the production respects the natural envioronment

And notice, the money supply at least as we defined it with this M1

GDP says look, if it was produced inside the country, we don't care who it's been produced by.

Gross national product is a nation's total output of goods and services as measured in monetary value.

And then on the horizontal axis quantity, produced.

Why didn't they put it into production?

The overall output was tons.

But how many apple do we produce a year?

Now, I want you to just look really close up onto what's happened there.

No. Technology is not destiny.

So it can breed.

That means that we have now more food available than ever before in human history.

In communism, the means of production are owned by the state.

But the growing dominance of the market economy, where the products of our intellectual labors are bought and sold, produced an unfortunate side effect.

So we would say we're 100 utilized.

This is intended just to show you that demand is pushing up against capacity.

Here, there isn't really an option.

Now let's say I can take this 20 thread and I'll stay with white I can take this 20 thread and I could throw in some more labor

And then I asked for verification.

But that's not how much income we made, because there was a

We've got to reveal the dangers in the product.

And as an economist, we can also look at that side of the story. These are people who are productive agents in the economy.

It's very consolidated, and the foods that are produced lead to the foods that we eat.

So before the current financial crisis, we had a certain amount of capacity.

Scaling Conventional wisdom says reduce cost by producing many.

One week later,

We have cut back production by 20 .

Our country abounds in products.

Apples are produced in this district.

This scheme is clumsy production wise.

The price of cabbage fell because of overproduction.

And I'll put all my expenses in magenta.

And that leads to a very powerful tool.

Because there will always be consumption.

5,000 CHF for Willi and for Hans.

That's why in order to maintain cyclical consumption they have limited automation and produce poor quality goods through planned obsolescence.

So here's the thing. It sounds like a simple question.