Welcome back ETAB.
As you know, I feel that your economic framework is largely correct but somewhat heartless.
Capital is the secret sauce, but there is an even more secret sauce, innovation. Without innovation, there can be no improvement in lifestyles, no matter how much captital there is, how hard people work, and no matter how diligently they consume.
And innovation cannot be dictated. The idiot bureaucrats have proved it many times, for millenia, recently notably with their nonsense green spending boondoggles. Innovation also can’t be taught. Steve Jobs attended what, a couple of semesters of college. Gates dropped out. Edison…don’t get me going.
Innovation has to be ALLOWED, and ENCOURAGED.
And of course, it’s the first thing killed off by marxists, socialists, statists, whatever you want to call them. If somebody is smart enough to create a new tool, that same person is smart enough to see the obvious flaws in a centrally planned society, and has a good chance to be powerful enough to challenge the authorities. So inevitably, lifestyles degenerate, very quickly, under statist control.
