The real culprit is current money and banking. But since thats usury and blaming usury would be maligning a certain group of troglodytes, people tend to look around for unlikely culprits. Producer goods CREATE work. They don't reduce it. You cannot get a start unless someone has the producer goods. "Automation" is not a very helpful phraseology in this context. Its really about getting better machines. Well we need better machines, but not just a few of them. If we get better producer goods AND MORE OF THEM then more jobs can be provided. But if the machines get better, and yet more rare, then the feeling will be that they are throwing people out of work. And thats a fair enough feeling. But its really the misuse of loanable funds that is letting us down.
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The real culprit is current money and banking. But since thats usury and blaming usury would be maligning a certain group of troglodytes, people tend to look around for unlikely culprits. Producer goods CREATE work. They don't reduce it. You cannot get a start unless someone has the producer goods. "Automation" is not a very helpful phraseology in this context. Its really about getting better machines. Well we need better machines, but not just a few of them. If we get better producer goods AND MORE OF THEM then more jobs can be provided. But if the machines get better, and yet more rare, then the feeling will be that they are throwing people out of work. And thats a fair enough feeling. But its really the misuse of loanable funds that is letting us down.
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