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It seems like many technocrats forget that the economy is composed of people, first and foremost. Without people there is no economy. Without companies, people
by syndicatedjelly 3y ago
It seems like many technocrats forget that the economy is composed of people, first and foremost. Without people there is no economy. Without companies, people will just exchange goods with each other, like they did for thousands of years. Stock markets, big business, even currency - none of that has to exist for a perfectly healthy economy to exist.
Slice and dice the stats however they want, but a technocrat isn’t gonna convince many people that “The economy is great!” just because the second derivative of price is on the decline. What matters is how many food things a family is able to buy, compared to pre-pandemic (which is still recent memory).