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Exactly, it seems many if not most people are trapped in an 1800s ideal of how an economy works. "You do work, you get money, you spend money, you do work" In f
by pixl97 2mo ago
Exactly, it seems many if not most people are trapped in an 1800s ideal of how an economy works. "You do work, you get money, you spend money, you do work" In fact the entire "It is difficult to get a man to understand something, when his salary depends on his not understanding it." statement is in full force here.
It's impossible for most people to envision an economy without them even though there are economic systems that will work without them.
- nobody9999 2mo ago>It's impossible for most people to envision an economy without them It's possible that's the case because (at least in the US) 68% of GDP is consumer spending[0]. As such, 2/3 of the economy is "them." [0] https://fred.stlouisfed.org/series/DPCERE1Q156NBEA/ https://fred.stlouisfed.org/series/DPCERE1Q156NBEA/
- account42 2mo agoYes, that's the inefficient part of the economy that can and will be eliminated as far as the elite are concerned. The only reason that hasn't been achieved yet is because so far you still need manual labor to support the wishes of the elite.