A modern economy as best as I can grok it: Money used to buy stuff: $100 Money used to buy money: $200 Money used to bet on money used to buy money: $400 Money used to buy money to bet on money used to bet on money used to buy money: $1300 Total: $2000 % used to buy stuff: 5%
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I'm still optimistic (you're so surprised) that there's something post-consumer coming. Not that we'll stop buying shit we don't need, or even "experiences" to distract us from our meaningless existence, but actual meaningful lifeways that are also productive in a GDP sense.
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