4 ms·
True in the assumptions. When looking around the world, I don't see any constraint in demand. I see people wanting better healthcare, iPhones, yachts, food, etc
by tuna-piano 10y ago
True in the assumptions. When looking around the world, I don't see any constraint in demand. I see people wanting better healthcare, iPhones, yachts, food, etc. I also see people wanting longer weekends and earlier retirement.
The alternative demand constrained world with excess supply would look very different
- jordanb 10y agoPeople may want a lot of things but in order to belly up to the demand side of the economic table they have to have the means to buy them. Create an economy where the vast majority are unable to consume very much while aggressively expanding productivity and you'll create an economy with a demand shortfall.