noumenon@lemmy.world to Data is Beautiful@lemmy.worldEnglish · 1 month agoGlobal Government Spendinglemmy.worldimagemessage-square1linkfedilinkarrow-up113arrow-down10cross-posted to: [email protected]
arrow-up113arrow-down1imageGlobal Government Spendinglemmy.worldnoumenon@lemmy.world to Data is Beautiful@lemmy.worldEnglish · 1 month agomessage-square1linkfedilinkcross-posted to: [email protected]
minus-squareRiskablelinkfedilinkEnglisharrow-up1·1 month agoNote: All of these governments are currently experiencing the biggest flaw in capitalism: https://en.wikipedia.org/wiki/Baumol_effect You can expect health and education spending to go up as a percentage… Forever. Most everything else benefits from economies or scale or consistently has non-trivial gains from automation (anything that improves productivity, really).
Note: All of these governments are currently experiencing the biggest flaw in capitalism:
https://en.wikipedia.org/wiki/Baumol_effect
You can expect health and education spending to go up as a percentage… Forever.
Most everything else benefits from economies or scale or consistently has non-trivial gains from automation (anything that improves productivity, really).