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zadler | 1 year ago

Believing that misallocation of capital means that we are living in a post scarcity society is a very techno optimist way of looking at things.

HN is unbelievably apolitical, apart from it's baseline tendency towards the left and whatever silicon valley demands people believe.

If you were anywhere near a post scarcity society (applies to USA) you wouldn't be hurtling towards national sovereign debt default at a rate of knots, and you wouldn't have the most expensive healthcare in the world.

As it happens, what appears to be a "post scarcity society" is just pathological misallocation of capital due to a political failure (that shaln't be spoken of here) that has the entire west circling the bowl at the moment.

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