When people are motivated to make products and services, they take capital or money to make it happen, by hiring other talented intelligent motivated people who also want to make money for a better life. This is called business activity in free market economies. In other words profitable businesses are the economy and the proper role of government to control and regulate business to prevent monopolies, bribery & corruption, so that companies made of people serve their customer with ethics and morality with increasingly important innovation or better products and services that distinguish themselves in the market and sell well, like that of Apple or Intel or NVIDIA or Google or Microsoft or Amazon or Twitter now X as examples, or my personal Favorites Tesla and SpaceX. These profitable business employee people by creating more jobs, more income, more wealth, more prosperity.
The above explanation also why my wife & I voted for Donald Trump as USA President 2024
Sometimes free markets go wrong when we have big multi-national companies engages in politics with bribery to control the outcomes of elections in ways that primarily benefit a tiny minority of elite income earners at the expense of more pain and suffering for everyone else, with artificial food colors proven to be carcinogenic and to increase ADD and ADHD in children who eat large amounts of UPF foods colored with artificial food colors, such that many European countries have already banned marketing junk food to children or adding questionable chemicals to foods sold to families, to clean up the diet of unhealthy stuff and promote real healthy food that improves public health. In this way some UPF companies are acting immorally selling people unhealthy ultra processed junk foods that make people fatter and sicker with many preventable diseases.
I am thinking of big oil companies who have siffled automotive technology so that the same older fuel wasting engine designs continues to be sold in automobiles that would greatly benefit from more modern HEV or PHEV drivetrains that can save hybrid vehicle owners thousands per year on fueling costs.
I never claim that BEV are eco-friendly, as they are heavy and shred tire tread away due to the heavier mass and instant toque from the electric motor drive in an EV that has amazing acceleration, but slow recharging, batteries that fade with cycling use and with time in days, months and years, and expensive batteries that use rare earth minerals that are mined in toxic parts of China who also controls rare earth elements used in strong magnets of IPM or internal permanent magnet electric motors, as a race to develop better magnet free EV motors unfolds with free market innovation to take back EV motor market from CHINA :)
Perhaps when Big Tobacco was marketing unhealthy cigarettes to children prior to 1994, to create lifelong customers who smoke and suffer the long term health degrading impacts of smoking cigarettes, since cigarettes are only 1/3 real tobacco and essentially a UPF because of the extreme processing used to make the reclaim, mother liquid, fluff or expanded tobacco treated with strange chemical additives to get the nicotine in an out of the blood stream faster to make it more addictive like crack cocaine, deliberately tweaking the chemical additives for such purposes and exposed in The Insider movie about Brown & Williams ammonia chemistry applied to expanding tobacco by supersonic spray coating it with the engineered "Mother Liquid" which is highly processed UPF style chemical bath sprayed to embed such chemical additives into the surfaces of the expanded tobacco fluff part of the cigarette and to soak the paper and filter of the cigarette to deliver strange chemical additives to the lungs and blood and brain of the cigarette smoker. Ironically the UPF or ultra processed food industry is using the 1950's Tobacco industry marketing playbook to marketed unhealthy junk foods like Oreo's to young children who are unable to decern or make sense of the ads or marketing or free game apps published by such UPF companies to hook children with brain conditioning or mental manipulation in what is effectively witchcraft or evil greed extreme and imbalanced and unfair and harmful.
Integrated Circuits & Silicon Valley California are examples of how private businesses competing to make integrated circuits used in computers of all kinds useful across a broad range of commercial, industrial, personal, government, educational and other industries since a computer a very versatile or flexible information processing system, for any of many of a vast number of purposes or use cases, from retail inventory management, market forecasting, investing, applying for a job, doing school work, searching for information online, streaming movies or music, its almost hard to describe all the different ways that computer can be used in virtually all areas of all modern economies at almost evert scale, including playing E-Sports games like CS:GO that I do sometimes on my gaming laptop or iMac //
I have a computerized smart ring that pairs to my iPhone smartphone and smart watch, and all of these things have integrated circuits, actually featuring the best most power efficient TSMC made on ASML Deep EUV process equipment inside 24/7 mass manufacturing class 10 clean-room factories making the transistor in CMOS the most produced thing in human history.
There are more transistors in the world than any other thing other than water molecules in source of water worldwide. Almost like there are the number of stars in the universe, noting that each galaxy like the Milkyway contains billions of stars, and there are billions of galaxies, or the number of planets in that vast number of stars in the universe, an almost unknowable number, since the light horizon means the speed of light limits how deeply into space we can see even with space based orbiting the earth remote digital data transmitting back to earth digital imaging space telescopes like the old Hubble or new JWST from NASA. Think of GPS satellites, or all the military industrial technology that has transistors by the billion, like the F35 Joint Strike Fighter or any of many millions of drones, such as the $500 drone the Ukraine uses to destroy multi-million-dollar soviet tanks :)
The development of IC chips by private competing business in a free market economy are almost a perfect example of how free market economics develop innovation and efficiency, in terms of mass manufacturing increasing transistor dense integrated computer chips like the SOC or system on a chip in your smartphone, since smartphones from Samsung, Apple and many other OEM's also sell by the hundreds of millions and generate trillions of dollars in private for profit company revenue, that creates huge flows of income tax paid in America, China, South Korea, the Netherlands, Taiwan and in many other nations the mine the minerals used in making electronics.
Did I mention that electricity enables all of this advanced economic activity and without electricity no computer work, no fridges work, no vacuum cleaners work, there is no way to charge your phone or battery electric car. Winter storm power outages, hurricanes, and earthquakes that knock out power for multiple days are deadly and many people die when the power goes out, like people who require a CPAP to breath while sleeping, who end up choking to death if the power goes out where they are asleep and did not have the CPAP on a battery backup UPS power saving power backup system.
Many people die every winter by running gasoline fueled portable backup generators inside their home when the CO or carbon monoxide builds up to fatal levels, many non-English reading immigrants in America for example are feature on evening news programs of fatal CO poisoning during power outages because they were unable to read the warning labels that warn about not using gasoline generators inside or encloses spaces where the CO can build up. CO poisoning is because CO binds to hemoglobin in the blood better than O2 so it ends up causing hypoxia or the loss of oxygen perfusion which kills off flesh all around the body, especially in the brain. Part of the reason that smoking produces psychoactive effects is because the combustion of the cigarette actually produced CO or carbon monoxide as part of what the smoker inhales with the vast number of other chemical substance in cigarette smoke, like tar. Thankfully many portable power generators now come with CO warning labels in 5 or more common languages printed, so more people can read the warnings and makes sense of them for personal safety to avoid CO poisoning.
When winter storm systems knock out power for more than 8 days, people fridges heat up, causing a loss of $700 to $1400 of perishables, including insulin that people with Type 1 diabetes need or they will die of high blood sugar without it, and its temperature sensitive. Now ironically its cold outside, so you can take all the stuff from your fridge and freezer and put it in plastic trash bags in your yard in a shady spot where sun does not shine, so it will stay cold, that is if the winter cold temp colder than 38 F like the fridge or down to 0 F like the freezer, depending on what you are storing, as insulin can be damaged if deep frozen, as the pen glass cylinder can crack and break, leaking.
Meg & I both studied natural disasters and hazards in college and want you to know that if you have not suffered loss from such, you are lucky. Every day around the world people experience tremendous loses at the hands of a psychopath serial killer or tornados, earthquakes, hurricanes, criminals, war lords, wars, car accidents, landslides, flooding, lightning damage, power outages, sandstorms, fog white out traffic pileups and other ways from diseases, viruses, parasites, pollution. If your happy and healthy and well and have not suffered loss, wow, you are very lucky or blessed. In the real world for everyone else bad things happen to good people for no good reason sometimes. Losses cost economies a lot of money, a lot of blood, sweat & tears, pain and suffering, injuries, diseases, death and worse. That is also why innovation in free markets so important, to make better lives for people now and in the future. I am talking about making life better for all human people using innovation.
Cures to common diseases from medical technologies developed by private for-profit healthcare companies competing for customers. Medical imaging like PET scanners or MRI machines, made by for-profit private businesses. Without private business, there is no real economy, and many poor nations around the world are poor because of over taxation by the local highly corrupt government. The sleazy governments of poor countries fail to invest in infrastructure, to provide credit or a stable currency, to install or hook up utilities like water, sewer, natural gas, internet, roads, bridges, tunnels, so people can move materials, food, goods, other people, can get around and make things happen! Thats also why poor people are usually sitting around with nothing to do. Their sleazy local government did not set up a society that encourages entrepreneurship, education, healthcare, schools, business, trade, mining, manufacturing, with the corrupt diplomats spending money on luxury vehicles, mansions, helicopters and the lifestyle of the rich and famous.
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