Re:Cash to the poor: Giving money directly works surprisingl...
by ekianjo on Monday October 28, 2013 @04:09AM
(#6625740)
> Jobs get created because there is demand for something
In the modern society, you are beyond the natural "needs" of the population and you don't need any of the new products that are sold to you. Obviously nobody needed a iPhone pre-2007 and now suddenly everyone has to have one. There's nothing such as "fixed demand". Demand is created by new products, designed by rich elites or companies that can manufacture them and need significant investment to make them a reality.
And the "crowd" investment system already exists, by the way. It's been around for 300 years, it's called the stocks exchange.
In the modern society, you are beyond the natural "needs" of the population and you don't need any of the new products that are sold to you. Obviously nobody needed a iPhone pre-2007 and now suddenly everyone has to have one. There's nothing such as "fixed demand". Demand is created by new products, designed by rich elites or companies that can manufacture them and need significant investment to make them a reality.
And the "crowd" investment system already exists, by the way. It's been around for 300 years, it's called the stocks exchange.