Here’s a great comment I came across on zerohedge today. It raises the question about whatever the hell happened to the leisure economy that was promised me, an 8 year old, in 1979.
“Sometimes I joke with my friends. “Production has been solved”. “It is consumption that is the problem, i.e. how do you extend the proceeds of the solved production dilemma to the population”. Manufacturing of the 40’s, 70’s, 90’s etc. can no longer be measured in manpower inputs, when robotics and methodologies have caused the lathe operator turning the dial obsolete. The ‘problem’ is consuming this largesse that a lathe loaded by a couple of industrial robots produces. We really can be way too productive for the sake of our landfills.”
Sent: 28 Nov 2010 18:17
The Euro Has Become Schrodinger’s Money: Goldman Sees European Currency As Both Alive And Dead http://is.gd/hVK1N