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That was famous Keynes prediction [1][2] that due to increased productivity people will work 15 hours weeks. Consumer capitalism however not only created produ
by chewz 9y ago
That was famous Keynes prediction [1][2] that due to increased productivity people will work 15 hours weeks.
Consumer capitalism however not only created productivity gains and satisfied all demands (for which should be rightly praised) but also created new demands (like better healthcare, education, technology items, vanity items etc.).
It is however characteristic of money economy (urban economy) that there is nothing limiting human need to accumulate capital and consume.
In subsistence economy (non-monetary) whenever there is a surplus people rather stop working then trying to accumulate more and they tend to focus on accumulating social capital.
[1] https://www.theatlantic.com/business/archive/2016/01/inequality-work-hours/422775/ https://www.theatlantic.com/business/archive/2016/01/inequal...
[2] https://www.theguardian.com/business/2008/sep/01/economics https://www.theguardian.com/business/2008/sep/01/economics