But Keith, the decline in Arts salaries through the decline in the value of the dollar is called "Productivity." Now that "productivity" has spread to the middle class. Thanks for sending this. I think it is interesting that William Buckley called his magazine the "National Review." The American right wing sees themselves as British.
REH From: [email protected] [mailto:[email protected]] On Behalf Of Keith Hudson Sent: Tuesday, November 22, 2011 11:45 AM To: RE-DESIGNING WORK, INCOME DISTRIBUTION, , EDUCATION Subject: [Futurework] A voice from the past Here's a little something I came across today. It was written by a stockbroker on the London Stock Exchange and, with modern terms replacing the old, is as relevant today as when it was written. And all this applied some 20 years before European and American governments got into their own special form of additional skullduggery by persistently shaving the real value of the incomes and savings of the poor and middling by over-printing their currencies. "The enormous extension of the joint-stock system, the scientific development of the haute finance, and the perfection of the modern methods of market manipulation, have placed a most dangerous power in the hands of skilful wire-pullers, and they are not slow to use it. Somehow or other, sooner or later, a check must be put on the depredations of those men who may be termed the vampires or blood-suckers of the commercial world. "For the trust or company-monger pure and simple, who is neither producer or distributor, but is content to make his own dirty profit out of the ruin or impoverishment of other people, is nothing but a blood-sucker in that he benefits nobody but himself. "True commerce is, like charity, twice blest; it advantages both buyer and seller and, through them, the entire community; but wherein does the world at large benefit by our dog-eat-dog fashion of financial cannibalism, the stock combinations and share-splittings and re-shufflings, the rigs, corners, creations of sub-trusts and baby companies, and all the other devices of up-to-date market jugglery? Are they not simply 'the law of the beast' working in the mercantile world, the modern counterpart of primitive 'tooth-and-claw' rivalries that existed before company-mongering was invented." (Hugh E. M. Stutfield, National Review, March 1898) Keith Keith Hudson, Saltford, England http://allisstatus.wordpress.com/2011/11/
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