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Amica Terra's avatar

One thing I believe I missed discussing here was that economic dislocations and job losses can be locally harmful even if they are at the same time the lifeblood of economic growth. The policy prescription for this, of course, is not overregulation and stagnation, but is and always will be a strong welfare state to insure us against our own progress.

Related: https://slatestarcodex.com/2014/08/16/burdens/ https://www.slowboring.com/p/lots-of-people-lose-jobs-even-in

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