Global Capitalism: June 2013 Monthly Update (Richard Wolff)

Economics

Posted Aug 13, 2013, 3:36 AM UTC

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[deleted]•

One thing he completely fails to account for, in this otherwise shrewd and necessary talk, is the role of automation and techological/climatic change.

It's not that jobs 'aren't coming back' as he hammers home, it's that they will not exist anymore. Otherwise, he is spot on, but I think his analysis would benefit from incorporating a few extra-economic trends that will be having a decisive impact alongside the factors he outlines.

Two complimentary resources here:

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Heidegger•

That motherfucker is standing alone in his living room.

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