Idle Theory doesn't fit in with the current economic paradigm. Idle Theory is a variant of Utilitarianism which replaces "utility" or "happiness" with leisure or idleness. In Idle Theory, economic growth is increasing social leisure, not GDP. Inherent in this is a limit to growth, when a society is completely at leisure. And implicit in complete social idleness is social equality.
Idle Theory also makes a distinction between "needs" and "wants". Useful tools, techniques, knowledge serve to increase leisure time, and are "needs". Amusements, toys, pastimes, luxuries and so on use up leisure time in their manufacture and use, and are "wants". The test of whether any good is a need or a want is whether it increases leisure or not. Idle Theory regards leisure as the prime good, without which there can be no time to do any of the things which make for a good life, whether these be conversation, romance, play, art, music, literature, philosophy, and the manufacture and exchange of amusements and toys.
In the current economic paradigm, human leisure is taken as a given, and no distinction is made between wants and needs. But in other respects, Idle Theory fits fairly well with the current paradigm. It accepts profit, money, trade, competition and other free market concepts. It simply changes the goal of economic growth.
The main problem with modern economic systems, as seen from the point of view of Idle Theory, is that while new technologies do apparently increase social leisure, that leisure is immediately forfeited in the production of amusements and toys. Everyone is kept working as hard as they ever did, if not harder. This creates alienation, stress and even illness, while at the same time generating an ever-increasing mountain of consumer goods which use up resources and generate pollution at an ever-increasing rate.
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