From Europe’s deadly heat to floods in Asia, it’s been a terrifying summer. Environment writers Jonathan Watts and Ajit Niranjan answered Reddit users’ questions about their work – and their sources of hope
The thing is that much of economics is basically just about shuffling imaginary money into billionaire pockets. Without those leeches, the economy can be quite a bit smaller while the masses get wealthier, not poorer.
I find degrowth unconvincing. People find inflation untenable, what would happen if that was desired outcome of policy?
The current system desires inflation of 2% or so.
The thing is that much of economics is basically just about shuffling imaginary money into billionaire pockets. Without those leeches, the economy can be quite a bit smaller while the masses get wealthier, not poorer.