So Mises correctly diagnosed why communism is impossible in the 40s? Basic income is communism. (Note to self: convert to blog post.)
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@Outsideness@BrowningMachine Luddism may become true, but it isn't yet. Automation still makes labour demand go up, not down. -
@Outsideness@BrowningMachine In this case, 'less relevant' refers to the marginal benefit of working over the dole, currently negative. - 1 more reply
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