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This is true under an economic system that appropriately distributes the fruits of economic production to workers; perhaps one that existed in the post-ww2 to n
by elliotto 1y ago
This is true under an economic system that appropriately distributes the fruits of economic production to workers; perhaps one that existed in the post-ww2 to neoliberal era. But it is untrue under a rentier / technofeudal / oligarch economy, in which all excess profits are captured by a cabal of the owner class. Which of these states describes the modern economy is a political exercise.
- emp17344 1y ago[flagged]
- goatlover 1y agoWe're headed in that direction. Why do you think the tech billionaires have been aligning themselves with the Project 2025 architects and Trump?
- elliotto 1y agoI would encourage you to read books like Varoufakis' Technofeudalism and Piketty's Capital in the 21st Century. The distribution of wealth and capture of profits has changed significantly and no longer resembles the economic environment of previous generations.
- tomhow 1y ago> Laughably false. Please edit out swipes like this from comments on HN.
- deleted 1y ago[deleted]