6 ms·
> the underlying economic model that depends on infinite growth is going to need rework in the not too distant future. particularly when we're cutting off a ke
by clairity 8y ago
> the underlying economic model that depends on infinite growth is going to need rework in the not too distant future.
particularly when we're cutting off a key historical component of those models: immigration. people are the drivers of growth; more people ==> more economic activity.
and whatever your politics, it was pretty obvious to anyone with a pulse that the tax holiday would go to shareholders, not to wage increases.
and without more people to sell things to, the ROI on capital investment is not so great.
so rather than into reinvestment or rewarding workers, money principally flows to capital holders.