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And ... even those who are producing "goods" aren't creating durable (physical) goods. We're selling each other more and more software, services, media, et cet
by smoyer 14y ago
And ... even those who are producing "goods" aren't creating durable (physical) goods. We're selling each other more and more software, services, media, et cetera but if it all comes crashing down, you're going to worry about food, shelter and clothing.
- nawitus 14y agoAnd what's the problem with selling services instead of physical goods? The automation of manufacture means that there's less jobs to produce goods and more to crete all kinds of services and information. If a factory needs 80% less people to produce the same number of cars, then that's a good thing. Those people currently producing food and clothing are not going to disappear if the economy crashes.