Re:The Ideal Economy
by lotsofpulp on Sunday October 17, 2021 @09:04AM
(#28896163)
That example is too simplistic.
The root cause of working day and night is to maintain or increase your socioeconomic position so that you are able to obtain scarce (demand greater than supply) resources when you want to. This can apply on a tribal level (family all the way to country and alliances).
For example, large amounts of people around the world want avocados all the time all year round, but there are insufficient avocados to go around. How are the limited number of avocados allocated?
Re:The Ideal Economy
by Dazdraperma on Sunday October 17, 2021 @10:07AM
(#28896526)
Wrong. It's not a football match. There's no upper limit. If some needs are fulfilled, new ones (that used to be unimportant) appear. No enough cars for everyone, you produce cars. If the demand is fulfilled, you produce personal planes, etc. ad infinitum. Wrist watches were once unaccessable and kind of unnecessary for the majority, too. Just like stockings and other things that were once considered luxurous. EVeryone will find their niche.
> last 5 don't have to work but they also didn't get paid
The last 5, being uncompetitive in car building, ought to choose a different field for which they are competitive. If they don't work, they don't eat and thus drop out of "the game".
Yeah because it is a prisoners dilemma type situation. If everyone starts working harder but people don't start consuming harder there is less work to be done which consolidates work to the hardest working members without actually helping the overall economy.
The economy wants 10 cars (aggregate demand), 10 people build 10 cars, 5 decide to build them twice as fast which means 10 cars are being built which means the last 5 don't have to work but they also didn't get paid and cannot afford the 5 extra cars which means aggregate demand is now 5 cars and some of the hard workers also get fired. If everyone built one car then nobody would be worse off.
https://youtu.be/EKd6WURBqOY