2 ms·
We already see this happening. As more and more people become super-rich, that class of individuals spends more and more conspicuously, but it doesn't trickle
by Nevermark 4mo ago
We already see this happening.
As more and more people become super-rich, that class of individuals spends more and more conspicuously, but it doesn't trickle down.
The loop through resource identification, extraction, processing, manufacturing, and delivery only needs two things: resources ownership and automation. One person by themselves could conceivably operate that economy.
This is no different from any hermit or commune at any time. Just a richer more technological hermit and a more geographically distributed commune.
Another perspective: If 99.9% were slaves only given enough to eat and work, would there be an economy? Yes. If the slaves were replaced by automation would that stall the economy. No.
There