[Download] "Illusions Lost: An Elegy in Three Parts" by Derryl Hermanutz # eBook PDF Kindle ePub Free
eBook details
- Title: Illusions Lost: An Elegy in Three Parts
- Author : Derryl Hermanutz
- Release Date : January 13, 2020
- Genre: Business & Personal Finance,Books,Politics & Current Events,Political Science,
- Pages : * pages
- Size : 198 KB
Description
200 years ago David Ricardo - that great advocate of free trade to exploit the wealth-enhancing benefits of comparative advantage - admitted the Luddites were right. Replacing paid workers with unpaid machines permanently reduces the need for human workers and renders the human population "redundant" to the owners of the machines. {David Ricardo, Principles of Political Economy and Taxation, Chapter XXXI On Machinery (1817)}
Today we are approaching the logical conclusion of that process. Here's what it looks like.
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