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>If living standards rise and debt levels drop due to increasing efficiencies and productivity then we should allow Prices to fall. Wont that take care of inequ
by CapstanRoller 3y ago
>If living standards rise and debt levels drop due to increasing efficiencies and productivity then we should allow Prices to fall. Wont that take care of inequality and living standards?
Sounds like a bunch of commie talk. The Almighty Mar-Ket demands perpetually increasing profits and growth, lest we all perish from its fearsome wrath.
- ycdxvjp 3y agoWell Google managed to drop prices of email, chat, video, search etc to 0. Tech is capable of pushing prices down without debt piling up. But ofcourse as soon as they tried to get into stuff like Telcom or Retail or Auto they flubbed. If a tech company manages to succeed in brick and motor space or banking we might end up with something we haven't seen before.
- pmarreck 3y agonot sure if you meant "brick and mortar" (that's the traditional expression; I know there are a lot of non-English-native speakers here so it's OK!) but if you meant "brick and motor" as a joke, then Tesla seems to be doing the latter pretty well...