Somehow those policies became the only acceptable ones a government can issue. Worldwide and through all the societies.
It is also an obvious cause of instability, because once you pay rich people to change their investments, it takes a huge amount of time until anything on the real economy changes. I really doubt policy makers run PDI algorithms over their data to attenuate that delay.
What do you mean our economy no longer works?
Its nothing like hockeystick growth.
Nobody goes there any more, it’s too crowded?
> At some point, someone has to put some reality back into the simulacrum because simulacrum does not feed your family
Aren’t poverty, famine, and food scarcity at record lows?
They were temporarily alleviated thanks to technological advances.
To me, the technological advances seem to be a product of the economic system. As long as the economic system can be sustained, then it is likely that human welfare will continue to improve.
I would recommend picking up First Principles of Islamic Economics by Al-Mawdudi.
What’s perverse, and not being discussed enough, is that this is an engineered recession. Rather than admit our economy no longer works, the Fed can alternate between low and high interest rates (inflation or unemployment, take your pick) and so, even though bad things are happening, the fact that it’s different bad stuff each year makes it look like the Fed is doing something.