> That's absolutely not true and completely at odds with any kind of mainstream economics.
Yes, because mainstream economics has everything righ in their story.
> The simplest example of new wealth creation is new technology - if I figure out a way to make the same product, only faster/better/etc, then I'll be able to offer the same "product" at less money, thereby making everyone better offThe simplest example of new wealth creation is new technology - if I figure out a way to make the same product, only faster/better/etc, then I'll be able to offer the same "product" at less money, thereby making everyone better off
You see we live in times where apparently microplastics and pesticides are detectable in human bodies. I personally don't buy the fairytale about the magic technology. Yes you've managed to make product that is faster/better and you managed to externalize the costs for this so it seems like it's only win.
Yes, because mainstream economics has everything righ in their story.
> The simplest example of new wealth creation is new technology - if I figure out a way to make the same product, only faster/better/etc, then I'll be able to offer the same "product" at less money, thereby making everyone better offThe simplest example of new wealth creation is new technology - if I figure out a way to make the same product, only faster/better/etc, then I'll be able to offer the same "product" at less money, thereby making everyone better off
You see we live in times where apparently microplastics and pesticides are detectable in human bodies. I personally don't buy the fairytale about the magic technology. Yes you've managed to make product that is faster/better and you managed to externalize the costs for this so it seems like it's only win.