This happened before from 1876 to 1892. What brought them out was the Railroad, the destruction of the buffalo and massacring and deconstructing all of the Indian Nations. They also destroyed natural time, took over the lives of the lower classes with a vengeance, organized the Arts and Cultural Activities into High and Lowbrow and set up industry councils that basically controlled the choices of the citizens of the nation.
REH -----Original Message----- From: [email protected] [mailto:[email protected]] On Behalf Of Keith Hudson Sent: Sunday, March 17, 2013 8:48 AM To: RE-DESIGNING WORK, INCOME DISTRIBUTION, EDUCATION Subject: [Futurework] After wracking my brains After 50 post-WWII years, the stock markets of the West started to go crazy in 1995, violently peaking in 2000, crashing in 2003, peaking in 2008, crashing in 2009, and peaking again last week. Is it going to crash again or is it going to settle into a new normality together with a resumption of a healthy economic growth. I believe the latter would be possible if only I could think of a uniquely new, highly desirable consumer good costing at least £10,000 which only the very rich could buy initially. It would also have to be mass-producible so that new maximum swathes of profit could be earned by its manufacturer as it was successively aimed at the next lower social level. It would be like domestic central heating, or the first family photo album, or the motor car or the first television set or the personal computer. But there's been nothing since the last. I've wracked my brains for several years and haven't come up with one. This is why I think that the present mad peak in shares (as of last week, anyway) will give way to a crash again. Keith _______________________________________________ Futurework mailing list [email protected] https://lists.uwaterloo.ca/mailman/listinfo/futurework _______________________________________________ Futurework mailing list [email protected] https://lists.uwaterloo.ca/mailman/listinfo/futurework
