Showing posts from February, 2017

Capitalism's Useful Idiots

Hogarth's busted poet -  some things never change So back in the late 18th early 19th century Mr. Moneybags buys a factory full of machines, hires workers, and by applying the latest in management techniques and technology  increases production, lowers prices,  increases profits, and transforms dispossessed rural laborers into dispossessed urban factory workers. The critics say that Mr. Moneybags' profits were stolen from his workers,  cheerleaders that Mr. Moneybags deserves his profits for being clever and for providing the rest of us, (who don't work in his factory), with more, lower priced, and better products, and even a better life for his workers, when compared to their former lives as mostly unemployed and starving farm labor. Because we live in a fair minded quasi democratic society, the workers vs capitalists conflict ended  with an armistice, legislation guaranteeing reasonable treatment for workers, and capitalists having to suck it up, until they discov