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Demand for manufactured goods is increasingly saturating (China is next in line). Buying things is less in vogue these days, compared to immaterial pursuits lik
by atemerev 9y ago
Demand for manufactured goods is increasingly saturating (China is next in line). Buying things is less in vogue these days, compared to immaterial pursuits like travel and education.
- mistermann 9y agoThen we can direct the newly available labor and existing now underutilized raw materials to building homes that people can afford, yet that is somehow not possible. The math does not add up.
- emodendroket 9y agoI'd suggest the 1943 essay Political Aspects of Full Employment would help square the gap. http://www.bradford-delong.com/1943/07/michal-kalecki-political-aspects-of-full-employment-policy-political-quarterly-1943.html http://www.bradford-delong.com/1943/07/michal-kalecki-politi...
- mistermann 9y agoMy point isn't that it's not possible, the inputs are readily available, it's that the elite ultimately want 80% of everything produced, that's where it doesn't work.
- emodendroket 9y agoThe essay's point is that ultimately employers do not favor a policy that eliminates unemployment or makes it comfortable because it would eliminate the fear of being fired, their best tool for worker coercion.