3 ms·
A foaming-at-the-mouth screed punctuated only by short quotes, which, even in their brevity and without context, are a hundred times more interesting than the a
by erulabs 3y ago
A foaming-at-the-mouth screed punctuated only by short quotes, which, even in their brevity and without context, are a hundred times more interesting than the article's replies to them.
"We believe the measure of abundance is falling prices. Every time a price falls, the universe of people who buy it get a raise in buying power, which is the same as a raise in income. If a lot of goods and services drop in price, the result is an upward explosion of buying power, real income, and quality of life."
Lower prices are always nice, sure, that’s true. But it’s also true that totally unfettered capitalism of the kind Andreessen envisions does not lead to falling prices. Actually, one of the best ways to lower prices on goods (some of them, at least) is to subsidize them through public funding.
Ah yes, "that's not true", the hallmark of considered economic thinking.
I hate articles like this, because I want to defend folks like Andreessen like I want a hole on my head, but here I am!