> And who will supposedly buy all these good those factories make? The 1%ers?
Yeah, pretty much. Human wants are unlimited. (To quote Boethius, "If free-handed Plenty should dispense riches from her cornucopia as plentiful as the sands cast up by the storm-wracked sea, or as the stars that shine in heaven - men still would not stop their miserable complaints.")
Have you read Chase's 'Plutonomy' papers from a few years ago? Fearsome reading.