you’ll pardon me if some economist or technologist has already thunk or disproved this. i’m famous for reinventing the wheel…
here’s the thought that just occurred to me:
- technology greatly increases the commoditization of goods and services.
- thanks to gossen’s laws, we know that as commodity consumption rises, marginal utility eventually falls to zero and reaches maximum total utility.
- if total utility is zero (or even close to zero) amongst all things, there is no differentiation between similar goods and services.
- with no differentiation and the ability to consume goods and services ulitmately limited by time (the one, true finite resource), demand is also finite.
- supply-side economics is broken because it relies on temporary increases in total utility when total utility is already maximized.
whew… that’s about all the economic brain cells i have right now. tho, feel free to point out weird missing strawman holes.
m3mnoch.
