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by s1artibartfast
1816 days ago
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Specialization and increased efficiency is exactly what leads to the high minded goals you mention. >4-hour workweek, or equitable education, or mass literacy, or an end to hunger. It also allows the guy shoveling asphalt in the sun to live in an air conditioned house with fancy electronics and medical care. |
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Come on, man. This is simple. I recently got a $10,000 hospital bill for an ultrasound, for which insurance decided I owed $1800. It doesn't cost $10,000 for an ultrasound, that's a made up ratio calculated by accountants trying to maximize their firm's ROI. An ultrasound costs {materials, refinement, assembly, shipping, and operation}, none of which require anyone to work constantly; the market has simply set it up that way because everyone working constantly yields great market valuations in the system that the owners of the markets set up.
A comfortable life-shelter, food, clothing, medicine, border security- for you, me, the asphalt guy, and everyone else does not require all of the labor hours that are presently expended in the world.