But pure capital allocation efficiency isn't a good indicator of social well being, just as infinite sugar sounds momentarily delightful until you think about diabetes.
That's kind of irrelevant to my comment, unless you consider workers part of the "capital" that is being allocated efficiently.
Even if you do, allocating capital (and workers) efficiently usually eventually leads to better social well being than allocating it inefficiently. (Perhaps reversing the inequality makes the historical examples more obvious: allocating capital and workers inefficiently leads to worse outcomes.)
But note well the word "eventually". There certainly is room for doing better at helping with the social well being of those dislocated by this process...
Efficient how? Finding the leader of the grand "race to the bottom" and moving the work there?
Maybe the workers should be as free as capital in seeking a country that benefits them the most. Then it'd be a race to the top because people can just leave your abusive country for a place that sees them as human beings.
The economy as a whole does not matter. It is not a person, it does not have any moral or ethical value. The only people who benefit from "the economy as a whole" growing are people who have positioned themselves as parasites who extract wealth from everyone like bankers. People want healthy, security and happiness. "The loss of your job, home, lifestyle, culture and heritage is irrelevant. Move to generic urban cell block #45725 and acquire a generic cubicle placement in order to procure generic toxic soyloaf to avoid starvation." does not produce health, security or happiness.
Go out on your own and the a mountain man in some remote place and live on cheap land. Then you can take your health, security and happiness into your own hands.
It will be much harder for people to extract wealth from your investments if you have none. It will be much harder for the government to tax you since you have very few things to tax.
I know it takes capital to start but that is the world we live in. Everyone has already claimed everything. The system is world wide and looking to expand to Mars and space. (unless you move to Alaska, I think they still give free land away)
>Then you can take your health, security and happiness into your own hands.
No, you really can't. If you are white and try to create a self-sufficient rural community you are going to get Waco'ed. But even if that were not the case, it doesn't help any of the people we're talking about. Some random farmer or coal miner is just getting buy and has no way to buy land and fend for himself. Without his job that everyone is so desperate to take away from him, he can't keep paying the loan on the scrap of land he has now, how's he going to buy "cheap land" in "some remote place"?
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