Banks require customers with sufficient income to service debt; if customers become unemployed through automation, banks must foreclose on assets, creating a lose-lose situation as foreclosures are inefficient wealth destruction.
causalpending
Speaker
Unidentified Speaker — Post-Labor Economics Lecture 02 - "Economic Agency Paradox"… [99umv8qIWVo]Evidence Quote
“If their customers are broke...the bank is just going to be foreclosing on everything...if everyone is fired, then they're going to have to foreclose on literally everything”
Created: 8/11/2026, 7:28:39 AM
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