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I think it's a misnomer that The Economy is a thing we created and it flows out of the government and federal reserve or whatever. Nomad hunter gatherers of the
by tootie 2y ago
I think it's a misnomer that The Economy is a thing we created and it flows out of the government and federal reserve or whatever. Nomad hunter gatherers of the steppe are still beholden to the laws of supply and demand the same as a real estate developer or software engineer. There are just different inputs and outputs. You can opt out of conspicuous consumption or rampant consumerism, but everything that is scarce will obey the laws of economics. Money is convenient abstraction, but food, shelter, safety, dignity, health, peace are all scarce. All are in high demand and in variable supply. Capitalism as a means of allocating scarce resources falls thoroughly into the bucket "the worst form of resource allocation except for all the other ones". If you weren't worried about GDP, inflation or the stock market, you'd be worried about something much worse. Surely we can do better if we mature as a society, but that happens very gradually.