While I can’t side with Keynes’ attempted solutions for economic woes back in the thirties, I can’t fault his basic analysis. With automation being so effective, it takes a tiny fraction of the population to grow and manufacture the things we need , which leaves most of economic circulation dependent on the things we want . And when people are at all conservative on those, it means there’s simply no demand for those jobs they might fill. His solution was a patch, and since then things have become more efficient and more patches have been applied to the point […]
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