Just a quick observation
Capitalism is supposed to have this great impact, increasing efficiency etc etc. If this is the end result why aren't the majority of people able to survive on less hours of labor, instead of needing more to survive? Also why are we producing more and more resources in more and more inefficient ways (I mean just look at how we feed cows corn, that takes more overall labor and is worse for the environment and people's health, but costs less so it is the only way it is done on the large scale)
This post has been rated by the user-run curation platform CI! In this platform users are able to manually curate content. This is done regardless of Steem Power, for both rewards and vote size calculation.
Join in at our site here!
https://collectiveintelligence.red/
Or join us on discord to interact with the community!
https://discord.gg/sx6dYxt
This post was submitted for curation by: @anarchyhasnogods
This post was given a rating of: 0.9979063423190365
This post was voted: 100%
"why aren't the majority of people able to survive on less hours of labor, instead of needing more to survive?"
A possible reason could be the inflation created by printing money which eats up all the increased productivity.
uhhhh
sure you can print more money, but what does that do to effect the actual resources themselves? Resources are produced regardless of the money itself
"but what does that do to effect the actual resources themselves? "
That you need more money to buy that resources in order to produce those necessary goods for the people, making them more expensive. Because printing money causes a decrease on the value of money which gets people poorer and is all cause by the State (obviously, because they have the monopoly of the money creation and the only benefited are them), like in latin american countries like Venezuela and Argentina.
yeah it is.
I don't see you in the CI discord, have you checked that out at any point?
No, can you provide me with a link?
https://discord.gg/B4yYrA
Where do you leave that we are living in the era of the greatest economic mobility?