Money in the System ?
So economic activities concentrates itself on what can give profits, and for example the basics, real necessities are really where you can squeeze profit out of activity, so that explains the real estate bubbles (people need houses), health care bubble (people need health care), etc. But can that work forever ? all money and activities only on 2 things or similar ? No money left for anything else, no other activities left ? So this is one big contradiction present in the modern global economy, they don’t hire because they can’t make more cash out of your labor. What to do ? In the meanwhile they have 400 million free salaries available, so, maybe just for the fun of it, from boredome, just for fun and games, maybe 20 million jobs will be created, invented, set up by the rich and their “corporations”, banks, whatever and some of the free money will go to workers. How much of that work is really or will really be needed ? I say, very little, but let’s say 2 million real productive jobs are needed (South Korean, Indian, Chinese engineers or students studying hard to be “productive”, hired for productive work (don’t ask me what work, I can’t phantom any, but that is just me)), so 18 million jobs will be given out as free salaries one way or another, hidden, make believe, you name it. So the rich still hang on to 380 million free salaries, so now what ?
Most economy - activities today is like playing cards, you win and lose according to some abstract rules, not because of some necessities, and this is the problem. So I phantom, that there won’t be many jobs or improvement in much of anything no matter what, some here and there, but there is a real structural limit to the myth of growth and a lot of other myths like the startup inventing new things (I phantom 99 % of real innovations are now achieved, what is left is breadcrumbs), other myths, etc.
Another demonstration that GDP is a false number, GDP growth is simply a made up number, if you have 100 million workers in the USA making 30,000 dollars a year, that makes 3 trillion dollars, but the GDP is assigned as 10 trillion, so what gives ? Where did the other 7 trillion come from ? Inflated real estate ? make believe money that isn’t in the system ? excess capacity money generated by the system automatically ? FED printing money ? future debts ? who knows…