Hey, all you socialists and near-socialists -- how many understand econ? [View All]

Today, hardly anything is made in the USA. Which means that a lot of people are hard-pressed to find work.

Adam Smith said that, if there are no capitalists deforming the process of trade by skimming value and pocketing it, economies work correctly without strain (the 'Invisible Hand').

Jane Jacobs says that cities are concurrently anchors, sinks, and centers of creative ferment. A factory needs to be logically if not physically in a city because it's too narrowly-focussed to survive in isolation.

Would it be possible to re-create a low-waste, low-impact, non-profit industrial economy in the US from scratch? What would it take? Would people even go for it, since its balance would have to be completely different to that of the 'exploitation pyramid' we now have? Could people get used to having 20-40 extra hours of leisure per week?