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Regarding pillar 2, that we have to have jobs, while I am not sure that is a pillar of capitalism, it is actually something to wonder about, especially in this day and age of computerization, robotics, etc.
The End of Work: The Decline of the Global Labor Force and the Dawn of the Post-Market Era is a non-fiction book by American economist Jeremy Rifkin, published in 1995 by Putnam Publishing Group.[1]
In 1995, Rifkin contended that worldwide unemployment would increase as information technology eliminated tens of millions of jobs in the manufacturing, agricultural and service sectors. He predicted devastating impact of automation on blue-collar, retail and wholesale employees. While a small elite of corporate managers and knowledge workers would reap the benefits of the high-tech world economy, the American middle class would continue to shrink and the workplace become ever more stressful.
We seem to be seeing some of this today, where a few bodies plus a lot of robots can manufacture much of what we need.
If something like that were to come about, how would the economy or society cope? And are we actually seeing that occur now?
In a sense I'd say "we have to have jobs" has nothing to do with capitalism, which is the employment of capital, and in fact, it's just the opposite. Capitalism says nothing about "we have to have jobs." Which may be why we see so much unemployment at the moment.
jerry
at January 2, 2013 9:33 PM
The twin pillars of capitalism are jobs and debt service?
The tweeter on this one displays a ten-year-old's understanding of economics - gained from watching Mom and Dad go to work, but from little else.
Conan the Grammarian
at January 2, 2013 10:52 PM
> The twin pillars of capitalism are jobs and debt
> service?
Conan.. Faboo
Crid [cridcomment at gmail]`
at January 3, 2013 1:53 PM
There is a reason I don't have a Twit account. I can't stand stupidity in paragraphs. I really can't stand true stupidity in 140 characters.
Jim P. at January 2, 2013 7:36 PM
Regarding pillar 2, that we have to have jobs, while I am not sure that is a pillar of capitalism, it is actually something to wonder about, especially in this day and age of computerization, robotics, etc.
See http://en.wikipedia.org/wiki/The_End_of_Work
The End of Work: The Decline of the Global Labor Force and the Dawn of the Post-Market Era is a non-fiction book by American economist Jeremy Rifkin, published in 1995 by Putnam Publishing Group.[1]
In 1995, Rifkin contended that worldwide unemployment would increase as information technology eliminated tens of millions of jobs in the manufacturing, agricultural and service sectors. He predicted devastating impact of automation on blue-collar, retail and wholesale employees. While a small elite of corporate managers and knowledge workers would reap the benefits of the high-tech world economy, the American middle class would continue to shrink and the workplace become ever more stressful.
We seem to be seeing some of this today, where a few bodies plus a lot of robots can manufacture much of what we need.
If something like that were to come about, how would the economy or society cope? And are we actually seeing that occur now?
In a sense I'd say "we have to have jobs" has nothing to do with capitalism, which is the employment of capital, and in fact, it's just the opposite. Capitalism says nothing about "we have to have jobs." Which may be why we see so much unemployment at the moment.
jerry at January 2, 2013 9:33 PM
The twin pillars of capitalism are jobs and debt service?
The tweeter on this one displays a ten-year-old's understanding of economics - gained from watching Mom and Dad go to work, but from little else.
Conan the Grammarian at January 2, 2013 10:52 PM
> The twin pillars of capitalism are jobs and debt
> service?
Conan.. Faboo
Crid [cridcomment at gmail]` at January 3, 2013 1:53 PM
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