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$1.80 dinners and budget clothes? The spread of frugality is hurting China's economy
(www.latimes.com)
this post was submitted on 26 Oct 2024
95 points (97.0% liked)
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Disgusting title, ofc the economy (specific sector) "crashes" (="growth diminishes", still as profitable as before) when post-scarcity is achieved, but only financially speaking.
Also production at a level where there is enough of something for everyone was the goal (right???), be happy when it's achieved, dont listen to the propaganda of the few who profited in the process.
Yeah. That was the goal. Totally! Definitely wasn’t to maximize profits for the 1% and consolidate societal control. Don’t even give that a second thought. Now if I’m not mistaken someone’s burgers need flipping.