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It's kind of ironic that the more a society is efficient and productive, the more it's subject to a overproduction crisis and massive unemployment. We need to c
by sunseb 7y ago
It's kind of ironic that the more a society is efficient and productive, the more it's subject to a overproduction crisis and massive unemployment. We need to change the model.
- QuesnayJr 7y agoThis is a kind of nineteenth century understanding of the economy. You can only have overproduction and massive unemployment if you have a shortfall in aggregate demand, which the government and the central bank have the power to correct.