Comment on Wreck the economy because it only works for the billionaire class.

Smoltech@lemmyunchained.net ⁨1⁩ ⁨year⁩ ago

• applebusch@lemmy.world ⁨1⁩ ⁨year⁩ ago

  “Smaller” if you’re a billionaire. When they say “the economy” just insert “rich people’s wealth”. It wouldn’t be a smaller economy in reality, because what drives a healthy economy is people spending money. Rich people don’t spend money, regular people do. Regular people getting paid more and having a larger piece of the pie, counterintuitively means there’s more pie.

  source

  • Not_Alec_Baldwin@lemmy.world ⁨1⁩ ⁨year⁩ ago

    Thank you.

    The problem is wealth concentrating in too few hands. And those hands are greedily reaching for more and more wealth.

    We simply need systems to redirect the wealth from the 0.1%.

    source
• BeautifulMind@lemmy.world ⁨1⁩ ⁨year⁩ ago

  would result in a smaller economy

  Only to the extent that withheld labor during a strike affects it. Once the strike(s) are over, an economy that puts more spending money in more pockets will be a bigger one

  It turns out that the size of the economy is related to how well-distributed the wealth in it is. If most of the money goes into wealthy pockets and everybody else lives in a sort of poverty-imposed austerity, that depresses a lot of that economy’s potential.

  What the UAW are after is not a smaller economy, but a more-robust (likely larger) one that includes more people in it.

  source

  • Smoltech@lemmyunchained.net ⁨1⁩ ⁨year⁩ ago

    We’re destroying the world through overproduction and over consumption.

    I see a future where people can work less, instead of an attempt to keep people working full time.

    That would be smaller, with less waste at the top.

    source

    • BeautifulMind@lemmy.world ⁨1⁩ ⁨year⁩ ago

      I like where you’re going with that!

      I think the problems (of high inequality, of unsustainable resource use) are distinct, but related and can probably be gone after by targeting the same things: price gouging and suppressing wages.

      If capital can’t do those things, labor will have the choice to work less if it doesn’t need the money to survive. We’ve long-since passed the point Keynes predicted (at which, productivity would be high enough to support people at a high standard of living without them working full time) in terms of production, the obstacle to that happening is that capital gets to allocate those surpluses and it keeps most of them

      source

      • Smoltech@lemmyunchained.net ⁨1⁩ ⁨year⁩ ago

        I’ve spent my career in the tech industry, specifically around open source software.

        Corporate powers helped fund the work of individuals for their own purposes, but I can ways we can use them to rebuild local economies instead.

        We just need to change how we’re using the tools. This can be done by existing skilled workers who are willing to make new choices around who to work for, or by motivated new engineers who have access to the free tools and free training material.

        source