Refugee fleeing the shittiness of reddit

  • 87 Posts
  • 593 Comments
Joined 2 years ago
cake
Cake day: June 9th, 2023

help-circle














  • bobalottoTechnologyEveryday AI looks more like the '08 housing bubble
    link
    fedilink
    English
    arrow-up
    1
    arrow-down
    1
    ·
    2 months ago

    Production must equal Consumption plus investment.

    An excess of production leads to companies closing down.

    Reducing consumption (via getting rid of workers, reducing wages, etc.) will lead to an imbalance that must correct itself.

    This can be forestalled by private debt, government debt or exporting the surplus but this is unsustainable.



























Moderates