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by skybrian 3489 days ago
The problem is that if you could magically remove all the waste in the economy, but didn't find new work for people to do, then all that happens is you have a lot of people out of work, which is in itself a waste. The way our economy is built, the waste from people being idle is in many ways worse than the waste from people doing things that don't need to be done, which is why politicians are always pro-jobs and never mind whether the work is worth doing.

Leaving aside money, efficiency should never be a problem because there is always plenty of work that urgently needs doing. Freeing up people to work on more important things should always be a win.

That's not the world we live in. To explain why, you need money: nobody will pay for it!

Convincing people to spend money on things that urgently need doing is the heart of the problem. The broken window doesn't have that problem. It's a waste, but it's a very convincing reason to spend money, and the shopkeeper has money, so that's what happens.

Building a new building could be a waste, too. Overinvestment happens and new buildings do stand idle sometimes for lack of tenants.

1 comments

> but didn't find new work for people to do, then all that happens is you have a lot of people out of work, which is in itself a waste.

Only if you believe people exist to serve the economy, rather than the other way around.

I agree that the economy exists to serve people. The fact that the economy demands people get jobs in order to be served and then doesn't give them jobs should be seen as a damning case where the economy isn't performing the function for which it exists.
If we had something like basic income then maybe you'd have a point. But spending a lot of time looking for a job and not finding one is certainly a waste. Deferring expenses (like going without medical care) is a waste. And crime causes lots of waste. So, back to broken windows again.