Tag Archives: technology

Quote [51] – Technology, Efficiency and Workforce

“The free play of economic forces will not by itself automatically overcome these difficulties.  Regulative measures by the community are needed to bring about a sound distribution of labour and consumption goods among mankind; without them even the people of the richest countries will suffocate.  The fact is that since the amount of work needed to supply everybody’s needs has been reduced through the improvement of technical methods, the free play of economic forces no longer produces a state of affairs in which all the available labour can find employment.  Deliberate regulation and organisation are becoming necessary to make the results of technical progress beneficial to all.” The world as I see it
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Quote [49] – Technology, Efficiency, Employment and The Beneficiaries Of Progress

“The foodstuffs and other goods which the world needs can be produced in far fewer hours of work than formerly.  But this has made the problem of the division of labour and the distribution of the goods produced far more difficult.  We all feel that the free play of economic forces, the unregulated and unrestrained pursuit of wealth and power by the individual, no longer leads automatically to a tolerable solution of these problems.

Production, labour, and distribution needs to be organised on a definite plan, in order to prevent valuable productive energies from being thrown away and sections of the population from becoming impoverished and relapsing into savagery.  If unrestricted sacro egoism leads to disastrous consequences in economic life, it is a still worse guide in international relations.”

The world as I see it