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by vl
2178 days ago
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Free trade advances human race as a whole and raises average standard of living. But it’s important to understand what is at the end of this advance: irrelevance of labor. Not only hyper-optimization produces fragile systems (i.e. look at the mask and sanitizer shortages at the most wealthy nation on Earth), it also eventually will make most of the labor uncompetitive. You can only consume so much on credit, I’m not sure how world will reshape when most of the humans cannot contribute anything of value. |
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