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by x220 2436 days ago
Yeah, that's one of the big problems with capitalism. The laws of microeconomics state that in a free market, the market will produce as many widgets as possible, using up all possible resources to do so. This isn't good for human happiness or for the environment. Who really wants to live in a world where we are buying and producing as much as possible?
1 comments

I do think there are certainly problems, but I don't agree what you describe is any rational conclusion of the principles of a free market. No one wants to live in a world where all resources are consumed to make widgets. Therefore, those people will not pay to buy that many widgets if they're informed enough to understand the true price of things. Most models of capitalism have weaknesses like this surrounding the need for information to be universally and equally available for their conclusions to hold, which can produce some incentives to obscure or hide information that makes exploitation easier. The issue with modern day overwork, though, isn't a lack of information but more a change in cultural values which needs to take place. Currently, the 'work hard and you will be rewarded' mindset which was productive (and often honest) in the factory-oriented past is being misapplied in modern environments where it is both counter-productive and false. 'Salary' doesn't mean 'paid for completing the work' as it was supposed to when legally created as a category, it means nothing more than 'required to perform large quantities of unpaid work'.