Re:America's 1% Has Taken $50T From the Bottom 90%
by findthewords on Thursday February 11, 2021 @03:36PM
(#26106774)
"But the fact that the vast majority of adults in the US can afford the disposable income to acquire such a luxury, a device that we could scarcely envision 15 years ago, is a sign of how healthy capitalism is."
I take it as a sign of the deflationary nature of technology and economies of scale.
Capitalism is a very fuzzy word. I'd say markets and the price mechanism clearly work better than barter. Poorly regulated capitalism is unhealthy.
I take it as a sign of the deflationary nature of technology and economies of scale.
Capitalism is a very fuzzy word. I'd say markets and the price mechanism clearly work better than barter. Poorly regulated capitalism is unhealthy.