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Review title: Poor logic or economics
Product review: I would like to begin by saying that I did not finish this book (read about 3/4). This is a sensationalist book for non-economists who wish to sound like they know economics.The premisse is that the world will be in trouble because productivity is rising too fast (faster than demand) and so prices will plummet, so will earnings, and so will standards of living. This is the old argument that leads to the conclusion that one day robots will do it all and there will be nothing for humans to do. It is an argument that has been refuted, as it is clear that, as soon as we are able to produce more of something than we can consume, we move on to produce other things that are needed. The author assumes there is a limit to things and services that can be produced, which has not been the case and there is no reason to believe that it will be.This is inane economics for the populist mind at its best.
