What is ‘Productive’?

When a society succumbs to the delusion that a currency-issuing government can somehow run out of what it alone creates at will – i.e. the currency – the provision of health care, education, infrastructure, and other key goods and services can fall far short not only of what is desirable but of what is possible with the current labor force, state of knowledge, and existing plant, equipment and raw materials. When a society doubly succumbs to delusion, believing activities initiated by anything other than the market to be unproductive, the trashing of education systems, media standards, other core social institutions and civilization itself is all but complete.

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