[lunatuna]

I’ve had some version of the consumer and producer problem in my head for a while and this is a good articulation of it. I would use Brazil and Venezuela as examples of it where there is a democracy that struggles to keep up with the majorities consumption desires vs its producer ability. Venezuela has since capitulated and unbelievably since I first thought about it been invaded.

Is this just all rent seekers? Is it a tipping point of wealth distribution and economic mobility? Is there a limit to how much imbalance a democracy can handle? Where the floor is on social services?

Enjoyed the essay for kicking up some thoughts.