Graham Townsend
1 min readDec 23, 2022

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Two key thoughts:

a. Yes, I know the tories are likely to lose the next election, but why do so many people still vote for them? Do they really believe that wealth trickles down, when the reality is that it trickles up?

b. related to that is the key observation that nobody actually 'makes' money. We merely sequester resources. Money is merely a rather inaccurate proxy for access to energy, or to the resources that energy unlocks.

“Ultimately, the economy is an energy system, not a financial one, because literally nothing that has any economic value whatsoever can be supplied without the use of energy.”

https://surplusenergyeconomics.wordpress.com/2022/05/21/229-in-the-eye-of-the-perfect-storm-2/

“The greatest single error made by conventional economics is the assumption that, if we understand money, we also understand the economy. This fallacy has driven an ever-widening gap between a financial system that has been growing exponentially, and an economy that has ceased expanding, and has started to contract.”

https://surplusenergyeconomics.wordpress.com/2021/06/23/203-surplus-energy-economics

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Graham Townsend
Graham Townsend

Written by Graham Townsend

Background in chemical physics. Grew up in East Africa, lives in Christchurch NZ. Retired.

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