* Posts by hamishmacewan

1 post • joined 21 Oct 2016

Basic income after automation? That’s not how capitalism works

hamishmacewan

Negative interest rates? That's not how capitalism works.

But they exist none the same.

Sad that simple supply and demand should elude so erudite a poster. We paid for production, when production was scarce, that's economics. When production is abundant, and consumption is scarce, what does economics say we will pay for?

In short, supply and demand trumps legacy outcomes of risk/reward models.

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