4 ms·
Such a good comment, I would also add how much our perception of technology lifting conditions is conflated with the increased ability of governments to steer t
by i000 2mo ago
Such a good comment, I would also add how much our perception of technology lifting conditions is conflated with the increased ability of governments to steer the economy to smooth things over.
- hparadiz 2mo agoAll of those problems had nothing to do with technology and everything to do with economic mismanagement. And the commies were the worst at it. The US never had famines even at the worst of the great depression.
- smallmancontrov 2mo agoHow much of the last ~25 years of outsized capital returns in the US came from selling our industrial base to the Communist Party of China?
- scotty79 2mo agoYou mean exploiting labor of Chinese poor for the benefit of American customers and investors?
- smallmancontrov 2mo agoAmerican Labor: + cheap iPhones, - jobs American Capital: +++++++++ money America: ------- industry Behold the responsible economic management.
- i000 2mo agoEconomic mismanagement assumes there is economic management, and this is a very recent development. I would wager that we still do not know how to manage economies well in the long run - case in point US deficit and wealth inequality.