https://theintercept.com/2023/09/23/tim-gurner-speech-unemployment/
"Tim Gurner, an Australian real estate titan and multimillionaire, made
international news last week by being recklessly honest about his desire for
unemployment to spike and regular workers to suffer. Gurner has been
understandably condemned for this across the globe and has now issued a weak,
vague apology.
What truly deserves attention is why Gurner feels the way he does — and how
it’s precisely explained in an essay written in 1943, titled “Political Aspects
of Full Employment.”
In it, Polish economist Michal Kalecki argued that government spending could
ensure a permanent economic boom with both low unemployment and increased
business profits. Crucially, however, Kalecki predicted that business
executives would hate having what everyone else sees as a good economy, because
it would allow regular people to be less subservient to them. For the business
class, no amount of money can replace the daily joy of watching your inferiors
grovel when in your presence."
Via Lisa Stranger and Diane A.
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
