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View Diary: Economics Works Backwards Now (192 comments)

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  •  Would such a society ever work? (0+ / 0-)
    The problem we have is the one that was predicted as "the leisure society". We foresaw that we would be able to meet every conceivable desire and need with only a small percentage of the population producing anything and the rest only consuming.

    But the missing middle is how to transfer to the un-working, the necessary credits to purchase the goods and services produced by the working.

    It seems to me the working subsection would quickly realize they didn't need the purely consumptive class at all.  From there it's straight to Atlas Shrugged, once you don't need the labor of the masses.

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