@pinkprius why capitalism can't work in one image, perfect!

@jalcine AFAICT the focus on consumption (i.e. demand) is almost entirely due to Keynes, who is a favorite of progressives.

@jalcine Hayek, on the other hand, said the collapse in demand during a recession was *healthy*, because it would cause liquidation of poorly run companies and the repurposing of their assets to things that actually make sense.

@pinkprius I hate telling my 6yo "at your age me and mom didn't have a fraction of the toys you have", but it's damn truth!

Sign in to participate in the conversation

chaos.social - because anarchy is much more fun with friends.
chaos.social is a small Mastodon instance for and by the Chaos community surrounding the Chaos Computer Club. We provide a small community space - Be excellent to each other, and have a look at what that means around here.
Follow @ordnung for low-traffic instance-related updates.
The primary instance languages are German and English.