On Sat, Jul 6, 2013 at 3:34 PM, Tom Walker <[email protected]> wrote:
> As bizzare and ass-backward as Kelso's criticisms of Marx were, they > nevertheless enabled him in 1960 to come close to an "accidental Marxist" > critique of the notion of full employment, as it was understood by > "bastard" Keynesians like Leon Keyserling in the 1950s. Kelso's 1960 > American Bar Association Journal essay, "Labor's Great Mistake: The > Struggle for the Toil State" was prefaced with the following summary: > > Mr. Kelso declares that it is a mistake to assume that full employment is >> a desirable condition of society. Labor, he explains, is no longer the only >> source of economic wealth, since modern technology makes it possible to >> produce many goods and services primarily by the use of >> capital. What is needed, he suggests, is not full employment, but >> participation in production by all, which in the case of the owner of >> capital would mean leisure instead of employment. To achieve this, he says, >> we need an economic system that will make a rapidly growing number of >> capitalists possible. > > That seems a lot like George W. Bush's concept of a "ownership society". -raghu.
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