Tag: Capitalism
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Bill Fletcher Jr. on Responses to COVID
Yes, people were angry about restrictions imposed as a result of the pandemic, I got that, but what was being proposed in opposition? What was being proposed in response to the very real problem of dealing with a virus? An almost humorous response from the US right came from the lieutenant governor of Texas who…
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Norbert Wiener on the Value of Labour and Automation
Let us remember that the automatic machine, whatever we may think of any feelings it may have or may not have, is the precise economic equivalent of slave labour. Any labour which competes with slave labour must accept the economic conditions of slave labour. It is perfectly clear that this will produce an unemployment situation,…
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Norbert Wiener on Innovation and Regulation
We have a good deal of experience as to how the industrialists regard a new industrial potential. Their whole propaganda is to the effect that it must not be considered as the business of the government but must be left open to whatever entrepreneurs wish to invest money in it. We also know that they…