3 ms·
Inflation ensures the status quo is never good enough. This drives technological progress to achieve better efficiencies. Good regulations provide the constrain
by trixie_ 7y ago
Inflation ensures the status quo is never good enough. This drives technological progress to achieve better efficiencies. Good regulations provide the constraints of the game - maintain clear air / water /power etc...
What you call social justice in reality would cement the status quo and deincentivize technological progress. See the lack of innovation in socialist countries. Great at copying, bad at inventing.