> every socialist I talk to actually think a 15-25 hours week of work is sufficient for society to function
I'm a libertarian. But I'll point out that full time was 40 hours before women entered the workforce, doubling the amount of workers. Add in technological progress and the gains from offshoring, and 15 hours per week might even be too high.
From my perspective, all that surplus has gone to supporting the value of the dollar in the face of extreme monetary inflation (the dynamic that MMT proponents are trying to double down on), creating many make-work jobs centered around the new money fountains - eg Wall Street.
I'm a libertarian. But I'll point out that full time was 40 hours before women entered the workforce, doubling the amount of workers. Add in technological progress and the gains from offshoring, and 15 hours per week might even be too high.
From my perspective, all that surplus has gone to supporting the value of the dollar in the face of extreme monetary inflation (the dynamic that MMT proponents are trying to double down on), creating many make-work jobs centered around the new money fountains - eg Wall Street.