Libertarian CATO Economist: You'll Own Nothing And Be Happy
Chris MenahanInformationLiberation
Feb. 22, 2022
Libertarian
economist Paul Matzko of the CATO Institute says that in the future "we
will own less but have more" and live under a "streams of service"
economy.
"Think Netflix or rental cars but for almost everything," Matzko said in a thread Friday on Twitter.
The
vision CATO and Matzko is putting forward is virtually identical to the
World Economic Forum's, which says that in the future "you'll own nothing and you'll be happy."
For a glimpse at why this will not work, just take a look at what happened with the bike share programs in Baltimore and DC a few years ago.
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