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Equipment and people exist, they just are. It is the market that decides whether to open a position or to use a piece of equipment is unprofitable. The fact tha
by tehjoker 7y ago
Equipment and people exist, they just are. It is the market that decides whether to open a position or to use a piece of equipment is unprofitable. The fact that the market persistently and unresolvably fails to employ everyone that wants a job or produce things that people need is a terrible flaw in the economy and is a condemnation of capitalism.
- zozbot234 7y agoI'm pretty sure that equipment doesn't just "exist", that it takes plenty of labor to make those pieces of equipment. Sometimes though pieces of equipment are just uneconomic given the surrounding business environment; "the market" cannot arbitrarily decide to make them profitable. Either people decide to change that business environment for the better, or some expenses will have to be written off and the business will need to move on. This shouln't be a "condemnation" of capitalism, it's a critical part of the system. Mistakes are normal, but they need to be acknowledged, and not stick around as zombies.