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True. If we are able to channel more wealth to the poorest they will definitely spend much more on health, education and such. Even more so if it's done on glob
by rumcajz 11y ago
True. If we are able to channel more wealth to the poorest they will definitely spend much more on health, education and such. Even more so if it's done on global level: How much more would Africa, India and such consume if given the chance!
But when all that is done we are back to the fundamental problem: Productivity can raise without a limit, while consumption is inherently limited.