7 ms·
No one mentioned that governments benefit it 2 ways. 1) All the unemployed autoworkers who got automated away can move to make something that has had almost no
by anthony_barker 5y ago
No one mentioned that governments benefit it 2 ways.
1) All the unemployed autoworkers who got automated away can move to make something that has had almost no productivity gains
2) Debt payments by government are basically nill.
Another view:
https://americanaffairsjournal.org/2021/11/vampires-at-the-gate-finance-and-slow-growth/ https://americanaffairsjournal.org/2021/11/vampires-at-the-g...