What did people do with the extra time they got from working less? In short, the answer is, they relaxed.

  • eldavi@lemmy.ml
    link
    fedilink
    arrow-up
    15
    arrow-down
    3
    ·
    30 days ago

    from their own webpage:

    The Foundation for Economic Education is an American conservative, libertarian economic think tank.

    i never thought i would see such nakedly late-stage capitalist drivel passed off as news on the lemmyverse; but i guess if it were going to happen anywhere here, it could come from the reddit induced echo chamber instances.

    • Amoxtli@thelemmy.clubOP
      link
      fedilink
      English
      arrow-up
      2
      arrow-down
      20
      ·
      edit-2
      30 days ago

      FEE didn’t conduct the study. In regard to economics, libertarians have more credibility than socialist. Socialist don’t care about economics. Socialism isn’t economics. Economics is almost synonymous with capitalism and free markets. Instead of raging, maybe you should explain what socialism is, and, how it works, and why it is superior.

        • Amoxtli@thelemmy.clubOP
          link
          fedilink
          English
          arrow-up
          1
          arrow-down
          9
          ·
          28 days ago

          There is only capitalism and socialism. Socialism, communism, and Marxism are anti-capitalist. Communism is a form of socialism.

            • Amoxtli@thelemmy.clubOP
              link
              fedilink
              English
              arrow-up
              1
              arrow-down
              5
              ·
              28 days ago

              There is no such thing as economic democracy because democracy isn’t economics. It is politics. Socialism originally was a theory that capitalism was blocked by the use of money. To replace money, you need socialism to be centrally plan how and what people will work. Otherwise, who will take up jobs that are least pleasing, such as taking out the trash. What people claim to be socialism today is an idea of accessing resources at the expense of others. These are government programs with socialist traits, for example, how the Baby Boomers enjoyed the benefits of entitlement programs while generations afterward are going to foot the bill. That is a Ponzi scheme, which how socialism works, in reality, to be pleasing for people. It is a system that requires suckers who do most of the work.

              • J Lou@mastodon.social
                link
                fedilink
                arrow-up
                1
                arrow-down
                2
                ·
                27 days ago

                Democracy is the idea that positive control rights over an organization should be assigned to the party governed in or by that organization. This concept is applicable in an economic context. For example, the workers in a firm are governed by management, so democracy implies that the managers be ultimately accountable to the entire body of workers in that firm making the firm a worker co-op.

                Capitalism has workers do 100% of the work, but employers receive 100% of the whole product

                @economy

                • Amoxtli@thelemmy.clubOP
                  link
                  fedilink
                  English
                  arrow-up
                  1
                  arrow-down
                  4
                  ·
                  26 days ago

                  You mean a cooperative? Those already exist. No need for “democratic economy”.

  • blarth@thelemmy.club
    link
    fedilink
    arrow-up
    7
    arrow-down
    3
    ·
    29 days ago

    Oh no, they relaxed? Well now, we can’t just have the poors take a break from wage slavery. They must do something!!

    • Amoxtli@thelemmy.clubOP
      link
      fedilink
      English
      arrow-up
      1
      arrow-down
      12
      ·
      edit-2
      28 days ago

      Or interpreted another way, just lazy people. This is why UBI is not instituted often, if ever. Because lazy people will not work if they are paid to be lazy. They will work fewer hours. When people work overtime, they work longer hours. Lazy people don’t benefit a democracy. In the long run, taxes will decrease. It might work for votes and only to get votes, and nothing else.