Economist Marc Abela is a libertarian and here he talks about the economic
enslavement of
Japan,
where ordinary people have become slaves to the system and are working far too may
hours. Most are often too unhappy, or too tired, to have a proper
social life, and many drink too much, while many others are not having children. He says
that lots of Japanese are lonely because work has taken over their lives.
Like all libertarians he gets it wrong and blames everything on the government
rather than on the over class and their ruthless system. Although, the over class do run the government, I guess, and this needs to be addressed. But libertarianism would actually make the
problem worse because by getting rid of democracy ordinary people have no say at all anymore in how their
country was run. Then the over class will then have it all.
Still, it is a very interesting video, and Marc Abela says that this exploitation
is spreading all around the world. I certainly felt the same in my job, and
eventually I had to leave because of ill health. I live in
London and I know loads of people who are
spending too much time at work and hate it. With my massive mortgage I was
driven to work too many hours and I had become a slave, until I petered out. I'm retired now and exist on a small pension. But I'm one of the lucky ones, the younger people at my old company do not have a pension as good as mine.
https://www.youtube.com/watch?v=uW_Bs7xHLL4
2 comments:
The problem, as ever, is not enough work to go around. You need massive liquidity in the job market and eliminating the restrictions so that people are empowered to move positions and change jobs - to find their niche.
Interesting in a world where everybody is working too much, there isn't actually enough to do. And that's because the 'private sector uber alles' attitude leads to monoculture and a decline in the diversity of the useful activities on offer.
We desperately need a Job Guarantee and a greater awareness and acceptance of the variety offered by a public sector job.
Your spot on there, Neil. I'm going to write about Britain's Social Credit movement soon, which has lots of similarities with MMT, at least with the Basic Income idea.
In the world they paint, I could have left my job for a while and retrained in something else as I was fed with what I was doing. I could have gone back to college without losing my house.
I would have liked to have done more studies in computers and software, which would have morphed into music editing software and recording. With the Basic Income I would have become more productive and enjoyed work more.
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