4 ms·
Seems like it is often forgotten that the point of the economy is the wellbeing of the people. Say, during COVID, I think many people suddenly discovered that
by agent008t 6y ago
Seems like it is often forgotten that the point of the economy is the wellbeing of the people.
Say, during COVID, I think many people suddenly discovered that they do not need as much consumption as they thought they did. Replacing going out or shopping with a walk in the park was a pleasant change for some. And yet instead of learning something from the experience, people are pressured to return to their old consumption habits as if it is some sort of civic duty, because it is "good for the economy". It is the equivalent of breaking windows and fixing them up again to create an economic boom - it is bad for the economy and the people and is just a transfer of resources to a specific trade.