DireMunchkin on Nostr: I'm more optimistic - Sure, a lot of people will lose their jobs in the state sector, ...

I'm more optimistic - Sure, a lot of people will lose their jobs in the state sector, but frankly they were not producing anything valuable anyway, so their continued employment was basically malinvestment

I think the quality of the human capital in statist activities is not as bad a as you make it out to be either - E.G a Keynesian economist regardless of his other failings is not stupid. Most climate activists went to university and so on. Most of them can adapt to doing something useful with their lives for once. 😏

Freeing all the resources that are wasted in negative value added government jobs today will unleash a boom in the actually productive economy. This will go some way to cushioning the impact on society in the short term, and long term it's of course just better.