[clairity]

> “It’s a consumption-driven economy. Does the ‘economy’ want every household to get a vacuum cleaner, a television set, a washing machine, a stove, and not much else? Probably not since that creates less economic activity.”

that conclusion doesn’t follow. for instance, prices could rise to result in the same level of economic activity (this is unlikely to be the sole response however). the amount of money and the velocity of the economy is correlated to human output (leveraged in various ways), so it’s not that elastic (at least in ways that matters). the money then has to find different routes, nooks, and crannies to fill, and it will.

the last 100+ years has been about how to advantage capital and capital holders. it’s time to retire that poor paradigm (re, the inequalities it’s produced) and focus on work and workers as the core economic engine it is.