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Re: [fukuoka_farming] Productivity = unemployment = failure of economy

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  • Ingrid Bauer/Jean-Claude Catry
    ... replace ... the ... potential new ... since the very ... being ... shrinking ... an ... and ... i am so glad to see that written . i saw the author wrote a
    Message 1 of 4 , Jul 29, 2004
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      > Herein lies the conundrum. If dramatic advances in productivity can
      replace
      > more and more human labour, resulting in more workers being let go from
      the
      > workforce, where will the consumer demand come from to buy all the
      potential new
      > products and services? We are being forced to face up to an inherent
      > contradiction at the heart of our market economy that has been present
      since the very
      > beginning, but is only now becoming irreconcilable.
      > Greatly increased productivity has been at the expense of more workers
      being
      > marginalised into part-time employment or given their pink slips. A
      shrinking
      > workforce, however, means diminished income, reduced consumer demand, and
      an
      > economy unable to grow. This is the new structural reality that government
      and
      > business leaders and so many economists are reluctant to acknowledge.

      i am so glad to see that written . i saw the author wrote a book: the end of
      work .
      what doe he propose or foresee as an economy that by pass the market economy
      ?
      jean-claude
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