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Agree completely. The argument that mindless consumption is a good thing just because it drives the economy is short-sighted and ridiculous. If money itself is
by darkFunction 12y ago
Agree completely. The argument that mindless consumption is a good thing just because it drives the economy is short-sighted and ridiculous. If money itself is wealth-generating then people are going to be much more mindful about their spending on worthless shit that serves no purpose other than to stall the degradation of their wealth and entertain then temporarily at the cost of our environment.
- Retric 12y agoMoney is fungible, you can already swap it for something worth more in the future.
- toomuchtodo 12y agoYou do know that there's a negative interest rate in the Euro financial zone right? They are charging you to hold on to cash to force you to spend (or "invest") it now. How can the future hold value when technology continues to drive the cost of living down? Can capitalism continue when I have all of the world's information available on my $300-700 smartphone? When I can connect with anyone in the world for pennies?
- Retric 12y agohttp://en.m.wikipedia.org/wiki/Amdahl%27s_law http://en.m.wikipedia.org/wiki/Amdahl%27s_law Making one input cheaper has limited benefits. Sure all your digital entertainment might get really cheap, but your still going to want heat, food, and a bed etc. Anyway, 'finance' is more or less a meaningless part of the economy. Print more money and the nominal GDP goes up except that does not build a house etc. MMO's are an interesting way to study a lot of this stuff, and even there deflation does all kinds of bad things. PS: My entertainment budget has been close to zero for a while now spening less on entertainment is not going to effect me much.