Jack Saturday

Tuesday, August 05, 2014

Anti Wage-Slavery Pro-Freedom Quotations Of The Week 1174-1176

Here’s an unusual but extraordinarily graphic description of the current state of the labor market: If you lined up all of the unemployed shoulder-to-shoulder, the queue of people looking for work would stretch all the way from New York out past San Francisco.
AUG. 1, 2014
Justin Wolfers
New York Times

The shift from a psychology of scarcity to that of abundance is one of the most important steps in human development. A psychology of scarcity produces anxiety, envy, egotism (to be seen most drastically in peasant cultures all over the world). A psychology of abundance produces initiative, faith in life and solidarity. The fact is that most men [sic] are still geared psychologically to the economic facts of scarcity, when the industrial world is in the process of entering a new era of economic abundance. But because of this psychological "lag" many people cannot even understand new ideas as presented in the concept of a guaranteed income, because traditional ideas are usually determined by feelings that originated in previous forms of social existence.
[emphasis JS]

Small wonder that economic analysis based on monetary measures of economic activity fails so miserably. Economics can be referred to as science only in the lightest of terms. The Science of Economics is sort of a standing joke. The reason is that its practitioners are using a rubber band for a ruler.
Technocracy Inc.
[emphasis JS]


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