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by old-gregg 4521 days ago
Very true, that's why I say "perhaps... some things". While technology may have worked well for food, I just don't see how this can be applied to housing, education, healthcare, legal expenses and taxes [1]: these tend to expand/shrink based on how much money you have and "pin" the poor to a certain "ceiling" of disposable income leading to the perpetual hand-to-mouth cycle despite encouraging growth of metrics like GDP/capita.

[1] This BTW may explain why new middle class in emerging economies tends to consist of real estate people, doctors, lawyers and (true in ex-USSR countries) government bureaucrats: they get to benefit from growing GDP first.

2 comments

I'd say you're just not thinking creatively enough. Manufactured homes significantly reduced the cost of owning a home, and just the other day I saw an article talking about 3D printing homes with concrete and how it could drive the cost down even further. The same goes for the other things you mentioned....flood the market with doctors and healthcare costs would go down, we just need med schools to accept more people instead of limiting their enrollment to drive up tuition fees because they want their school to be prestigious and 'the best'. The poorest people can and deserve access to the many goods the wealthy enjoy, we just haven't figured out the technology and economics in each of these areas yet to do it :-)
Manufactured homes significantly reduced the cost of owning a home, and just the other day I saw an article talking about 3D printing homes with concrete and how it could drive the cost down even further.

The problem is the cost of land, not the manufacturing of homes, per se.

Its both actually. Land cost is largely addressed these days by large rising apartment housing complexes.
That's a fair point.
> housing, education, healthcare, legal expenses and taxes

Interesting grouping, as each is more or less fully depended on government to limit supply and create scarcity. The only really exception looks to be housing.

Education is information, and information is only held limited thanks to copyright.

Health care seem to spend most of its money to pay for patents.

Legal expenses differ strongly between countries and different legal system. Some demand the loosing party to pay for both sides, some demand that both side pay their own costs, and lastly some ask government to provide/pay for legal aid. In system where looser pay (or government), there tend to be limits on how much a lawyer can demand.