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This a late 20th century myopic view of the economy. In the ages and the places long before, most of human toil was enjoyed by a tiny elite.

Also "rendering such a future impossible". This is a retrocausal way of thinking. As though an a bad event in the future makes that future impossible.


> This a late 20th century myopic view of the economy. In the ages and the places long before, most of human toil was enjoyed by a tiny elite.

And overall wealth levels were much lower. It was the expansion of consumption to the masses that drove the enormous increase in wealth that those of us in "developed" countries now live with and enjoy.

It was also due to colonialism, slavery, and unjust wars, among many other things. Doesn't mean we should continue with the old ways.

Some kinds of growth are beneficial in a phase but not sustainable over time. Like the baby hamster.

> Doesn't mean we should continue with the old ways.

The GP was claiming that it is "20th century myopic" to not notice that in the past the products of most human toil went mostly to a small elite. My very point was that that old way of doing things didn't generate much wealth, not that the way things have changed is all good. I'm not advocating for any of the old ways, I'm saying that having an economic system that brings benefits to all is an important component of growing the overall wealth of a society (and of humanity overall).

Yes but it should be clear that an economy composed of elite producing for themselves and other elite is totally possible.

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