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>But not the money to pay for these jobs. This is wrong, in my estimation. Money exists right now that is lying idle, and moreover the more money is used, the
by astazangasta 10y ago
>But not the money to pay for these jobs.
This is wrong, in my estimation. Money exists right now that is lying idle, and moreover the more money is used, the more becomes available.
The past decade saw an enormous effort to dump money into the economy, to no avail. Nor is this new, there is even a name for this sort of thing: https://en.wikipedia.org/wiki/Liquidity_trap https://en.wikipedia.org/wiki/Liquidity_trap
The problem is not the lack of money, the problem is that vast majority of capital is controlled by a small group of people with limited vision and pecuniary interests.
These people will never allocate capital towards the enormous list of demands that go unfilled every day; nor should we expect them to. No one will build a road in your shitty small town just for your good health.
The more we structure our economy to produce this situation (concentration of wealth), the less we will find that unexpressed demands are being met by that economy.