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#303 – Steve Keen: Marxism, Capitalism, and Economics
Lex Fridman Podcast
Developing a Three Sector Model of the Economy
In the long term, to bury somebody in commodity production, you have to innovate. If you want to grow quickly, you focus on producing the means of production rather than commodities. He was imagining correctly a huge pool of unemployed labor. And it's why they never buried the Western consumer goods. Eastern consumers looked in envy of the goods being purchased by their Western people and said, if that's exploitation, we want exploitation.
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