Keynes predicted, mankind was likely to suffer 'a general nervous breakdown', because it would have been deprived of its traditional purpose. People would still have to do some work 'for contentment'. Three hour shifts or a 15 hour week will 'put off the problem for a little'. But in the end what would be needed was no less than a 'new code of morals'. We shall have to breed out, or breed down, purposefulness and breed up carpe diem – 'the delightful people who are capable of taking direct enjoyment in things – the lilies of the valley who enjoy to breathe the air – the rare angelic beings who are perfectly good, which is almost the same thing as to say that they have no purpose whatever'.
All this, remember, was supposed to happen about now, or in the very near future, at least in rich countries. It hasn't worked out like that, but it challenges to think why, and to rethink social arrangements forged in an era of scarcity for us in an age of abundance.
Although we should remember and honour Keynes as a great theorist of stabilization policy he has more to offer the 21st century than that. Because he asks the fundamental question that no economist now dares to ask: what is our economic civilization for? What is the purpose of money? What is the relation between money and the good life? Or more simply: 'How much is enough?'
The Rights of Horses have not been posted up; they are 'unwritten rights,' as Socrates called the laws implanted by Nature in the consciousness of all men. The horse has shown his wisdom in contenting himself with these rights, with no thought of demanding those of the citizen; he has judged that he would have been as stupid as man if he had sacrificed his mess of lentils for the metaphysical banquet of Rights to Revolt, to Equality, to Liberty, and other trivialities which to the proletariat are about as useful as a cautery on a wooden leg."posted by The White Hat at 8:21 PM on May 22, 2011 [3 favorites]
For me to choose a lower standard of living in exchange for less work time, is hard.I did this, and although it's bliss to have spent the last couple of hours getting my daughter ready for school and will spend the rest of the day with my SO, there is still that nagging little bastard at the back of my mind which whispers "Galaxy Tab Galaxy Tab "
The idea of a universal basic income, paid to all citizens, independent of their position in the labor market, is a logical next step.is nowhere near reality in Denmark. Sadly. As Harry notes, Denmark is currently ruled by a coalition that lets the nationalist Danish People's Party call all the shots on immigration as long as they get to push tax cuts for the rich. This puts a certain pressure on the system when tax revenue shrinks.
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posted by DU at 2:22 PM on May 22, 2011 [25 favorites]