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Nor does completely made up stuff like economics. The real economy is function of ecosystem, raw materials, energy availability, and collective intelligence.
by TheOtherHobbes 3y ago
Nor does completely made up stuff like economics.
The real economy is function of ecosystem, raw materials, energy availability, and collective intelligence.
That's the economy we live in.
But the economy we're told we live in is a fiction designed exclusively for the perpetual growth of hierarchy and privilege.
I don't think anyone knows what would be possible in a reality-based economy.
But it's hard to belive that much broader access to health and education, better social protections, tamed monopolies, plural distributed media, and support for original invention and research, would be less stable and successful than the suicidally short-sighted manic depressive business cycles we have now.
- matheusmoreira 3y agoI agree, the economy we live in is a made up one. It's basically fake. It's not based on any of the things you mentioned though. It's based on credit. I've argued against credit here on HN a few times but in hindsight it should have been obvious to me such views would not be accepted in a startup friendly forum. After all, startups are a low interest rate phenomenon. Still, the concept of an economy is not made up at all. Economies arise naturally wherever there is scarcity and people gotta figure out who gets the limited amount of resources available. Some metric is going to be used to decide that.