Illusions Lost: An Elegy in Three Parts

200 years ago David Ricardo - that great advocate of free trade to exploit the wealth-enhancing benefits of comparative advantage - admitted the Luddites were right. Replacing paid workers with unpaid machines permanently reduces the need for human workers and renders the human population "redundant" to the owners of the machines. {David Ricardo, Principles of Political Economy and Taxation, Chapter XXXI On Machinery (1817)}

Today we are approaching the logical conclusion of that process. Here's what it looks like.

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Illusions Lost: An Elegy in Three Parts

200 years ago David Ricardo - that great advocate of free trade to exploit the wealth-enhancing benefits of comparative advantage - admitted the Luddites were right. Replacing paid workers with unpaid machines permanently reduces the need for human workers and renders the human population "redundant" to the owners of the machines. {David Ricardo, Principles of Political Economy and Taxation, Chapter XXXI On Machinery (1817)}

Today we are approaching the logical conclusion of that process. Here's what it looks like.

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Illusions Lost: An Elegy in Three Parts

Illusions Lost: An Elegy in Three Parts

by Derryl Hermanutz
Illusions Lost: An Elegy in Three Parts

Illusions Lost: An Elegy in Three Parts

by Derryl Hermanutz

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Overview

200 years ago David Ricardo - that great advocate of free trade to exploit the wealth-enhancing benefits of comparative advantage - admitted the Luddites were right. Replacing paid workers with unpaid machines permanently reduces the need for human workers and renders the human population "redundant" to the owners of the machines. {David Ricardo, Principles of Political Economy and Taxation, Chapter XXXI On Machinery (1817)}

Today we are approaching the logical conclusion of that process. Here's what it looks like.


Product Details

BN ID: 2940164124410
Publisher: Derryl Hermanutz
Publication date: 06/13/2020
Sold by: Smashwords
Format: eBook
File size: 199 KB

About the Author

Derryl Hermanutz is an independent researcher and writer.

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