Karl Marx on automation and job losses due to disruption

“In these spacious halls the benignant power of steam summons around him his myriads of willing menials.” Andrew Ure Marx’s rage against the machine Another thought about the rate of change and “distruption,” this time from Karl Marx. I love Marx’s writing and his desire to do better for the working poor, even as I sigh at his wrong economics…

Peter Drucker on free markets

I am for the free market. Even though it doesn’t work too well, nothing else works at all. But I have serious reservations about capitalism as a system because it idolizes economics as the be-all and end-all of life. It is one dimensional. For example, I have often advised managers that a 20-1 salary ratio between senior executives and rank-and-file…

On socialism and rugged individualism

Carry each other’s burdens, and in this way you will fulfill the law of Christ.…each one should carry their own load. Paul of Tarsus – Epistle to the Galatians