A Luddite, An Economist and a Marxist Walk Into a Modern Factory …

The Luddite sees industrial robots everywhere and, fearing negative effects on employment, begins to rage against the machines. Seeing the same robots, the (liberal) economist exclaims, “What marvelous labor-saving technology. This will maximize productivity, and jobs that are lost in this factory will be replaced with high-tech jobs elsewhere in the economy!” The Marxist sighs, … Continue reading A Luddite, An Economist and a Marxist Walk Into a Modern Factory …