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Linkbait title. This author still thinks about economics in terms from over a 100 years ago. Many technological advancement allow us to produce more efficient
by kenster07 13y ago
Linkbait title.
This author still thinks about economics in terms from over a 100 years ago.
Many technological advancement allow us to produce more efficiently, i.e. produce the same amount of output with less input cost, including labor. When we get to the point when we can produce all the output we need with virtually no input cost, and by the hands of an increasingly small % of the population, I'm not sure modern economic theory has anything to say about such a situation, because it is built on many implicit assumptions about the scarcity of resources which may not be true forever.
- Joeri 13y agoDemand can be artificially created, and goods can be intangible (digital). We can increase the amount of 'stuff' the average person buys by several orders of magnitude at least.
- waps 13y agoThis specific idea is predicated on preventing piracy. If you can't do that, it won't work. And preventing piracy means comparing what someone has on their computer with some centralized ownership database. And that requires more intrusion in your personal devices than even the NSA wants. The digital economy depends on giving powers to the government that we don't want to give them, and frankly, powers so sweeping that they'd get abused in a second too. Plus we've all seen how digital good concentrate wealth. The top10 games make 50% of all income ? This would make things a lot worse, not better.