Ah, #capitalism. Neoclasical (mainstream) economic theory tells us it ensures resources will be put to the best, most efficient use. However, ignores the obvious: wealth equals power, so that what is "best" for society is what the richest value.
Like chasing everlasting youth by getting weekly blood transfusions from your teenage son and $40,000 gym membership add-ons.
Imagine if these resources were devoted to fighting #ClimateChange or #poverty instead.
https://www.axios.com/2024/05/19/wellness-longevity-industry-equinox-membership
#economics
Kyle Montanio /
npub165c…tdlq
2024-05-19 15:23:36
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npub165ct04kdzaq7wtqsqthqawk5cygyamgfusv0m4mr2tusqhm4v88q9ltdlqPublished at
2024-05-19 15:23:36Event JSON
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