People just have to update their CVs,  claiming to BE MACHINES! On a more
serious note, here's my take on the deja vu all over again arguments:

http://ecologicalheadstand.blogspot.com/2011/10/unemployment-machines-and-social-cost.html

On Thu, Oct 27, 2011 at 9:22 AM, Keith Hudson
<[email protected]>wrote:

>  Barry,
>
>
> At 16:43 27/10/2011, you wrote:
>
> Ray,
>
> I don't think it's that we frittered your comments so much as we don't see
> what to do about it. But, this is an old problem - I'm told that at one
> point, there were more British Army soldiers fighting the Luddites than were
> fighting against Napoleon. Mechanization and it's associated problems have
> been around for a while!
>
>  The immediate problem is that there are no new jobs being created
> (possibly because, as Keith is fond of pointing out, there are no truly new
> inventions)
>
>
> Just to clarify, I've never said there are no truly new inventions, but
> only of *significant* new consumer goods (that is, expensive originally
> but capable of being highly desired by the masses and subsequently mass
> produced). Otherwise, there's more innovation than ever before
> (infrastructure, producer goods, specialized equipment, military technology,
> etc).
>
>
>  and no significant wars (also becoming increasingly mechanized) or penal
> colonies (Australia, the United States, etc., during colonial times) that
> can absorb excess people. This, coupled with the fact that the bankers and a
> few others have gained almost total control over our governments and other
> institutions, bodes poorly for the near-term future.
>
>
> At the end of the day, governments will always have control over banks
> because there has to be universal laws that everyone obeys or else there's
> chaos. A good example of this occurred in the early hours of this morning
> (2.30am) at the Eurozone summit in Brussels when the 17 Heads of State
> called the bankers into the room and insisted that they took a 50% haircut
> of their greek bonds. The banks had been resisting for a long time (even
> when only 20% haircuts was talked about). The politicians threatened the
> banks that if they didn't accept then Greece would be allowed to default.
> Several banks would then have gone to the wall straightaway.
>
> Keith
>
>
>
> Barry
>
>
> ---- Ray Harrell <[email protected]> wrote:
>
> =============
> Just like we pointed out on this list ten years ago and then frittered it
> away as mere speculation.   It happened first in the Arts after 1929 when
> there was a 98% decline in live performance and an equilibrium depression
> that continued down to the present.   Everyone thought I was paranoid at
> worst and probably just a loser complaining about what couldn't be changed.
> Now that world is on everyone's doorstep.
>
>
>
> REH
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>
> **
>
> ** Keith Hudson, Saltford, England
> http://allisstatus.wordpress.com/2011/10/
>
>
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>


-- 
Sandwichman
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