In this case, why doesn't the rungs of the economy below the rich just... run the way they have been? Serious question, I've been mulling over in my head what it means for a few people to own the majority of "the economy" and goods to be very cheap, but no one has any income.
What I always come back to is this: Why does it matter what the very richest do? Worst case the economy operates approximately as it does now (maybe with us knowledge workers knocked down a few rungs). But like, the rich can't eat _all_ the food.
I feel like the most likely outcome is that the quality of life of the bottom 90% is overall better than today. HN'ers quality of life is maybe worse than it is today.
What I always come back to is this: Why does it matter what the very richest do? Worst case the economy operates approximately as it does now (maybe with us knowledge workers knocked down a few rungs). But like, the rich can't eat _all_ the food.
I feel like the most likely outcome is that the quality of life of the bottom 90% is overall better than today. HN'ers quality of life is maybe worse than it is today.