[throwaway66920]

The money would go into something else, but it would probably be something stupid. A lot of the dumb startups we see now that are burning cash on obviously bad strategies exist because at a global financial scale, there’s not enough opportunities to invest all of the capital in. There’s obviously lots (LOTS) of work to be done that could use capital still but current financial system want to believe in a high rate of return so they look to things like Uber. Note, Uber’s of the world are a drop in the bucket still, but the symptom is growing in prevalence. This is also not to say that fast fashion is a good idea or an efficient use of resources. It’s not.

The people... well this hypothetical is extreme so it’s hard to say. But populations of workers have been abandoned in the past before and it varies. It’s fully believable that they would just not have anything to do and would... idk... protest.

[bigfudge]

If people are spending it on ‘something stupid’ that’s is a sign that resources are unequally and inefficiently distributes. There are plenty of people in the world who would spend additional cash on food or fuel.

[throwaway66920]

I mean... yeah, that’s correct. The world’s resources are overtly unequally and inefficiently distributed.