-How much money is burnt into thin air so that a fraction of it can go to rich people
And compare that to what we would need to make everyone live good lives.
You can even ignore rent costs. And most of medical costs, since those are extractively overpriced. We designed unemployment to sit at 5% or whatever, meaning more people can become doctors and lower the real price of medical services. Free rent, cheap doctors? Cheaper electricity and public transit. short or nonexistant commutes? Unoppressed global south producing better goods?
With all of that together, I think we could all live better than the average American does now. But I don't know. Would the loss of super cheap raw materials make that impossible?
I dunno,
Someone really needs to quantify
-How much money is wasted on rich people
-How much money is burnt into thin air so that a fraction of it can go to rich people
And compare that to what we would need to make everyone live good lives.
You can even ignore rent costs. And most of medical costs, since those are extractively overpriced. We designed unemployment to sit at 5% or whatever, meaning more people can become doctors and lower the real price of medical services. Free rent, cheap doctors? Cheaper electricity and public transit. short or nonexistant commutes? Unoppressed global south producing better goods?
With all of that together, I think we could all live better than the average American does now. But I don't know. Would the loss of super cheap raw materials make that impossible?