/lit/ - Literature

>>18341190
>ok to use machines
>and fails to see the posibility of just saving up money and fucking up his rethoric
the greatest progress in humanity is the fact that thanks to technology (tractors, fertalizers, gmo's) only 5% of people have to be farmers and not 95% as we were 200 years ago. we now have industrial machines so efficient, that can produce so much, we are now exploring goods that address other more superfluous needs. In other words, people in Somalia don't have the money to spend on a youtube microphone because they have to spend it on food, because somalia doesn't have the infrastructure to even create their own car engines.

>in chaper 22 he says saving money is good
you misunderstand, he's saying it's neither good nor bad. you have to realize theres something called the Federal Funds Rate, which is set by the federal reserve which dictates the interest rate at which banks can lend money to each other. the fed has artificially set interest rates at near 0 for many decades. 0 interest rates discourages people from saving money. however you need "savers" because those are the only people who can afford "capital goods." capital goods (like car engine factories) are needed for production. in other words, sometimes interest rates need to be high, sometimes low. but either way, it shouldn't be meddled with by the govenrment.

>capitalist get more and more power and need the workers less
that's funny, we reached full employment last year

> to a poitn they can force them to do anything
nope, words speak louder than words, if a worker say's he's being exploited by his job, but still willingly drives to it, and doesn't get another job, then evidently he's getting something from it. for example walmart: I've seen extremely old cashiers, albino greeters, midgets, and mexicans that don't know english working at walmart. you oprobably think they're being exploited by walmart, but you have to remember: google didn't employ them, their local dmv, their local library, microsoft, nobody offered them a job. then walmart comes and offers them a job, and you complain about walmart.

>deflation
so cheap clothing and cheap food are bad? I thought you wanted cheap things for the poor. a concrete example: amazon had such competitive prices, that the federal reserve had to adjust their inflation projections. and amazon has obviously improved our lives. electronics have gone trhough massive deflation and have brought the internet and computers to the masses.