The Unnecessariat

In 2011, economist Guy Standing coined the term “precariat” to refer to workers whose jobs were insecure, underpaid, and mobile, who had to engage in substantial “work for labor” to remain employed, whose survival could, at any time, be compromised by employers (who, for instance held their visas) and who therefore could do nothing to improve their lot. The term found favor in the Occupy movement, and was colloquially expanded to include not just farmworkers, contract workers, “gig�...

 Anarchism Extends from Socialism

Rudolf Rocker describes modern anarchism as “the confluence of the two great currents which during and since the French revolution have found such characteristic expression in the intellectual life of Europe: Socialism and Liberalism.” The classical liberal ideals, he argues, were wrecked on the realities of capitalist economic forms. Anarchism is necessarily anticapitalist in that it “opposes the exploitation of man by man.” But anarchism also opposes “the dominion of man over man....

 Future Troubadour

The minister sighs abruptly. "You are very unusual. You earn no money, do you? But you are rich, because grateful people who have benefited from your work give you everything you need. You are like a medieval troubadour who has found favor with the aristocracy. Your labor is not alienated – it is given freely, and your means of production is with you always, inside your head." Manfred blinks; the jargon is weirdly technical-sounding but orthogonal to his experience, offering him a disquieti...

 Two Kinds of Societal Collapse

Running the model in dierent scenarios produces two kinds of collapses, either due to scarcity of labor (following an inequality-induced famine) or due to scarcity of Nature (depletion of natural resources). We categorize the former case as a Type-L (Disappearance of Labor) Collapse and the latter as a Type-N collapse (Exhaustion of Nature). In a Type-L collapse, growth of the Elite Population strains availability of resources for the Commoners. This causes decline of the Commoner Population ...

 Argument for Decimal Currency

[Decimal currency is desirable because] by that means all calculations of interest, exchange, insurance, and the like are rendered much more simple and accurate, and, of course, more within the power of the great mass of people. Whenever such things require much labor, time, and reflection, the greater number who do not know, are made the dupes of the lesser number who do.

 Genius is Hardwork

Men give me some credit for genius. All the genius I have lies in this: When I have a subject in hand, I study it profoundly. Day and night it is before me. I explore it in all its bearings. My mind becomes pervaded with it. Then the effort which I have made is what people are pleased to call the fruit of genius. It is the fruit of labor and thought.

 Keynes Predicts Unemployment from Automation

We are being afflicted with a new disease of which some readers may not yet have heard the name, but of which they will hear a great deal in the years to come—namely, technological unemployment. This means unemployment due to our discovery of means of economising the use of labour outrunning the pace at which we can find new uses for labour.

 Shifting From Labor to Capital Reduces Demands

Finally, it’s easy to see how a shift in income from labor to capital would lead to a similar reduction in overall demand. Capitalists tend to save more of each marginal dollar than laborers. In the short run, a transfer from laborers to capitalists reduces total consumption, and thus total GDP. This phenomenon is summarized in a classic though possibly apocryphal story: Ford CEO Henry Ford II and United Automobile Workers president Walter Reuther are jointly touring a modern auto plant. Fo...

 The Engineer is the Key Figure in the Material Progress o...

The engineer is the key figure in the material progress of the world. It is his engineering that makes a reality of the potential value of science by translating scientific knowledge into tools, resources, energy and labor to bring them to the service of man ... To make contribution of this kind the engineer requires the imagination to visualize the needs of society and to appreciate what is possible as well as the technological and broad social age understanding to bring his vision to reality.

 Animal Instinct and Child Birth

What, then, is the difference between human and other animals? Are their bodies made differently? As a matter of fact they are remarkably similar. Cat and dog bodies are used in premedical anatomy studies due to the similarity of structures with identical name and function. Is it that they just can't experience pain? Following a natural-childbirth newspaper article, an indignant letter to the editor asserted cats can have kittens without pain because they cannot feel pain as human beings do...