The (real) Principle of Economics
Rolf. A. F. Witzsche
page 19
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China as an example of the general welfare focus as an element of the principle of economics. General economic development and industrialization is written in capital letters in China. The nation that was once known for ox carts and and an insane political dictatorship has freed itself of this past and become one of the fastest advancing nations on the planet. While Europe is shutting itself down, this nation has committed itself to more than 10,000 major infrastructure projects, 3,500 of which are scheduled to be located along the Eurasian Land Bridge corridor. China also has plans to build 200 brand new cities over the next 25 years, and upgrade its older cities. It also has planes for large scale water development projects designed to bring its dry regions into agricultural production, which will add an area to its agricultural base of the size of all of Germany. Over the next decade, China has also plans to double its already extensive railway network, which by then may be the largest in the world. It is also committed to such engineering marvels as building a 57 Km bridge across the Bohai Straight, or building a 1241 Km canal from the Three Gorges Dam to the dry north that will cross over and under 219 rivers on its path, including the mighty Yellow River, the Yuang He, and 44 railway lines. The discovery, development, and application of new physical principles as an element of the principle of economics. The commitment to the principle of economics is not satisfied, however, with the building of great projects alone. The principle of economics requires constant advances in the application of new physical principles in order to satisfy the basic requirement made on an economy, to increase the potential population density of a nation or the world. These developments are especially needed for creating new energy resources. Historically the energy flux density of power generating machines has been increased by one or two orders of magnitude for each new type of technology. Steam powered machines, for instance, generate a hundred times the power output of water powered machines of comparable size. The internal combustion engine raised this factor to a thousand. Nuclear fission engines have raised it to ten-thousand. When nuclear fusion becomes a practical power source, this factor will likely be raised to a million or more. Humanity must dedicate itself to develop this advanced energy resource of nuclear fusion, not because it is achievable, but because its development needs require it. This energy resource is required for the utilization of new materials, new resources for food, new transportation systems, and new methods for space flight propulsion.
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