The Green New Deal Is the Opiate of the Masses

Source: https://www.thenation.com/article/economy/degrowth-communism-green-new-deal/

#Capitalism is always trying to raise workforce #productivity in order to cut costs. Rises in workforce productivity allow the same amount of #production to occur with fewer workers. When this happens, the economy’s size remains constant while unemployment rates rise. But capitalism also makes it impossible for the unemployed to live, and politicians hate high unemployment rates. For this reason, there’s a huge amount of pressure for the economy to keep expanding indefinitely so as to maintain the rate of employment. This is why a rise in productivity results in the expansion of the #economy. This is the Productivity Trap.

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