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Obligatory In Praise of Idleness quote: > Suppose that, at a given moment, a certain number of people are engaged in the manufacture of pins. They make as many
by foldr 1y ago
Obligatory In Praise of Idleness quote:
> Suppose that, at a given moment, a certain number of people are engaged in the manufacture of pins. They make as many pins as the world needs, working (say) eight hours a day. Someone makes an invention by which the same number of men can make twice as many pins as before. But the world does not need twice as many pins: pins are already so cheap that hardly any more will be bought at a lower price. In a sensible world, everybody concerned in the manufacture of pins would take to working four hours instead of eight, and everything else would go on as before. But in the actual world this would be thought demoralizing. The men still work eight hours, there are too many pins, some employers go bankrupt, and half the men previously concerned in making pins are thrown out of work. There is, in the end, just as much leisure as on the other plan, but half the men are totally idle while half are still overworked. In this way, it is insured that the unavoidable leisure shall cause misery all round instead of being a universal source of happiness.
- treetalker 1y agoSure, the world doesn't need more pins. But capitalists always want more money, and they need to retain power and influence over their "human capital".