Path: csiph.com!fu-berlin.de!uni-berlin.de!individual.net!not-for-mail
From: rbowman <bowman@montana.com>
Newsgroups: alt.folklore.computers,comp.os.linux.misc
Subject: Re: The joy of Economics
Date: 5 Nov 2024 03:32:50 GMT
Lines: 16
Message-ID: <lothv2FnsvpU2@mid.individual.net>
References: <pan$96411$d204da43$cc34bb91$1fe98651@linux.rocks> <2ItTO.338744$v8v2.95701@fx18.iad> <vfltbc$7ek$1@gal.iecc.com> <ASCTO.586560$1m96.217020@fx15.iad> <vfpc6g$a0p$1@gal.iecc.com> <B17UO.740251$_o_3.409662@fx17.iad> <vfqvjd$1k2j3$4@dont-email.me> <1190130485.752353610.782141.peter_flass-yahoo.com@news.eternal-september.org> <38b4c4eb-2ab5-df94-0baa-c2d7fcdda60d@example.net> <vgai7d$ul44$15@dont-email.me> <vgbfns$14q8q$2@dont-email.me>
Mime-Version: 1.0
Content-Type: text/plain; charset=UTF-8
Content-Transfer-Encoding: 8bit
X-Trace: individual.net 7WfNxTsIh2tD1dIf536B/QyvqnY3KsqpOKQZZV5CStYWI5Lfxa
Cancel-Lock: sha1:Ajt40luQ8FdgPgwYcxcB9gTl5ag= sha256:qXLntzepbZOv6IbJlILbKbSQ+MiYIKyzjzmfLLfOV5M=
User-Agent: Pan/0.149 (Bellevue; 4c157ba)
Xref: csiph.com alt.folklore.computers:228621 comp.os.linux.misc:60599

On Mon, 4 Nov 2024 21:53:00 -0000 (UTC), Lawrence D'Oliveiro wrote:

> On Mon, 4 Nov 2024 13:29:17 +0000, The Natural Philosopher wrote:
> 
>> Why would big money need workers when it has robots?
> 
> It needs consumers with sufficient income to buy its products.

Jack London was a product of his times and sometimes made simplistic 
arguments but one I remember is the question of how it works if the 
workers can't afford to buy back what they produce?

Like I said, simplistic, and I'm sure there is a library's worth of books 
on the labor theory of value and so forth but the question always haunted 
me.