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| Topic | C/D: Capitalism is unsustainable in the long run |
| g980 04/26/20 10:06:35 AM #40: | uwnim posted... Actual economic growth only occurs when more things are able to be made with a given amount of resources. Other types of growth are illusions created by inflation. Issue is that there's a limit to how few physical resources can go into a physical product and still function. Labor can continue to be made more effecient, however, if made perfectly effecient, you end up with infinite product made with 0 labor which means the value of labor is 0. You don't need to get to 0 though to make the value of labor too low to support the economy. While true, this assume we're anywhere near approaching this in our lifetime. But suppose we're getting there, and jobs are being automated faster than theyre being replaced. Why not a combination of capitalism and UBI? --- These old bones live to learn her wanton ways: (I measure time by how a body sways). ... Copied to Clipboard! |
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