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120 sats \ 2 replies \ @Undisciplined 27 Mar \ on: The Future is More Stuff econ
Broadly the point is interesting. I make some version of it pretty often. I don’t think the author’s pet commie projects are mainly suffering from lack of investment, though.
We probably could live at a high 1930’s standard with only 15 hours of work per week per household. However, human wants are unlimited, so we work more to live at a previously unimaginable standard instead.
A lot of the new consumer goods are junk, but I bet that’s been true the whole time.
We probably could live at a high 1930’s standard with only 15 hours of work per week per household. However, human wants are unlimited, so we work more to live at a previously unimaginable standard instead.
I don't really understand that. When I was working full-time I wanted reduced hours so badly. Time has always been precious to me.
Perhaps those who work more than they have to only to buy more consumption goods don't have anything better to do.
Discovering Bitcoin has changed this balance for me towards taking on more work, because now at last I have something to work for other than survival. Before I discovered it, I would have worked 5 hours a week had that paid my bills, because free time was the only thing I wanted, as long as my survival need was met.
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I personally share your sentiments, but there’s a chance we’re not in the center of the distribution.
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