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We have a lot of room of improving everyone's conditions, but we don't due to structural issues.
by kiba 7y ago
We have a lot of room of improving everyone's conditions, but we don't due to structural issues.
- TeMPOraL 7y agoThe devil is in the details. The problem seems simpler than it is because it's common to view the economy as a static system, like a force of gravity. But the economy isn't like that. Ultimately, people loaning money want to get back more than they gave, and if they can't get that they'll stop loaning money, and everything goes downhill from there until the next thing you see is everyone being worse off than they would be 100 years ago. This is the risk any proposed structural changes need to mitigate.