Monday, 31 January 2011
I have noted a good number of people hold to the common fallacy, the same fallacy as was promoted by Marx. Labour is not a goal, it is a means. If labour can be reduced and the level of production increased, this is a good thing.
There is an infinite amount of work and hence labour to be distributed. There is and always shall be more labour available than there are people to conduct it. There is no fixed labour pie that needs to be distributed.
The goal is consumption. It is the creation of real wealth; this is products and services that people want. We DO NOT work to work, but rather for what we can obtain.
Yet it seems to me that many here worship the obstacles over the end. That seeing increased productivity through advanced technology and process is a bad thing.
Making more work (labour) is simple. Salt the fields and make agriculture far less efficient, become luddites and smash the machines. The problem in this equalisation of all people and “fair distribution” of labour is that we are just all relegated to being equally poor.
Distributing labour just lowers productivity. Yes there can be more labour, but as there is less output we all work harder for less and we all suffer.
This fallacy that labour determines value and that there is a fixed amount of work to be done has to end. These sophisms do nobody any good.
Posted by Craig Wright at Monday, January 31, 2011