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by 4death4
932 days ago
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The actual 0th law of economics is the law of decreasing marginal utility. You can't expect specialization and productivity to increase indefinitely as density increases. Clearly, we're at an inflection point. How can people specialize and be productive if they can't even afford a place to live? |
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> Clearly, we're at an inflection point
This has been claimed repeatedly throughout history. Without knowledge of the future, it is impossible to know whether we are at an inflection local or global. With resepct to any American city, we know we are far from the inflection point because we have counterexamples abroad.