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Have you looked into the history of industrialization? It was a huge fight on the part of workers to get a share of the profit. Companies hired private detectiv
by xenadu02 10y ago
Have you looked into the history of industrialization? It was a huge fight on the part of workers to get a share of the profit. Companies hired private detectives who in some cases literally shot striking workers.
If we look further back in history we can see feudalism in the Medieval period. It wasn't created overnight, it was introduced over time as there was a long-term surplus of labor and concentration of wealth and power in a few elites. It was only broken in Europe by the Black Death killing 1/3 of the population. Suddenly workers were in such demand that every elite from minor Lords up to Royalty abandoned the old rules and welcomed serfs with open arms. Technically you still needed your Lord's permission to travel, marry, etc. In reality if your local Lord wasn't giving you a good deal you could just leave. That was a new.
My point is this: can we please avoid all the pain and suffering this time around?
(My guess is no, the elites always fight against taxes and "regulations" until things get so bad that society breaks and reforms along new lines... The Great Depression was merely one in a long series of bank panics and massive recessions).