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Capital needs consumers, so the model will adjust to ensure that consumers can afford to pay for what they consume, or the whole thing implodes (including capit
by munksbeer 1y ago
Capital needs consumers, so the model will adjust to ensure that consumers can afford to pay for what they consume, or the whole thing implodes (including capital).
I can't see more productivity making us all poorer, it doesn't make sense. The world has been growing richer every decade.