Re: The joy of Economics

On 5 Nov 2024 03:32:50 GMT, rbowman wrote:

... the question of how it works if the
workers can't afford to buy back what they produce?

Let’s see, the Industrial Revolution hit us a bit over 2 centuries ago. At
20 years per generation, that’s about 11 generations -- long enough to say
“long-term sustainability”? The world economy has grown so much that,
before that point, most of the world’s GDP came from India and China,
whereas it doesn’t now.