“John Maynard Keynes thought that most people by now would have to work only 15 hours a week to produce all that they needed for subsistence and comfort.” (Source: Project Syndicate)
Robert Skidelsky’s great analysis of why the big productivity revolution and the civilization of "always more" have led to the current global depression and social inequality.
“Aristotle knew of insatiability only as a personal vice; he had no inkling of the collective, politically orchestrated insatiability that we call economic growth. The civilization of “always more” would have struck him as moral and political madness.
And, beyond a certain point, it is also economic madness. This is not just or mainly because we will soon enough run up against the natural limits to growth. It is because we cannot go on for much longer economizing on labor faster than we can find new uses for it. That road leads to a division of society into a minority of producers, professionals, supervisors, and financial speculators on one side, and a majority of drones and unemployables on the other.”