To the quote above: wages are determined by productivity, not negotiation leverage. The moral implications of "barely scraping by" don't factor in.
He isn't backed by the coercive power of the state, for one thing.
Anti-market bias seems to be the unifying constant.
Yep. Its passing attempt at economic analysis seems to omit the government's fingerprints all over the latest recession.
Technological innovation is driven by consumer demand to a much greater extent than the "decisions and whims" of billionaire VCs. If only it were that simple, r>g might actually be true. This is crap.
To the quote above: wages are determined by productivity, not negotiation leverage. The moral implications of "barely scraping by" don't factor in.
He isn't backed by the coercive power of the state, for one thing.
Anti-market bias seems to be the unifying constant.
Yep. Its passing attempt at economic analysis seems to omit the government's fingerprints all over the latest recession.
Technological innovation is driven by consumer demand to a much greater extent than the "decisions and whims" of billionaire VCs. If only it were that simple, r>g might actually be true. This is crap.