BRIEFLY NOTED: For 2022-06-24 Fr: "[The 2.1 percent per year average annual worldwide technology growth rate starting in 1870] meant that the technological and productivity economic underpinnings of human society in 1903 were profoundly different from those of 1870—underpinnings of industry and globalization as opposed to ones that were still agrarian and landlord-dominated. The mass-production underpinnings of 1936, at least in the industrial core of the global north, were profoundly different also. But the change to the mass consumption-suburbanization underpinnings of 1969 was as profound, and that was followed by the shift to the information-age microelectronic-based underpinnings of 2002. A revolutionized economy every generation cannot but revolutionize society and politics, and a government trying to cope with such repeated revolutions cannot help but be greatly stressed in its attempts to manage and provide for its people in the storms." Let me stress this: humanity had never before seen anything like this pace of economic transformation. Not just production, but newly-transformed production and the further transformation of production became the principal work-life business of humanity. As much economic change and creative destruction as had taken place over 1720-1870 took place every 33 years after 1870. And the pace of change over 1720-1870 had already been more than fast enough to shake societies and polities to pieces. "All that is solid melts into air", Marx and Engels had written in 1848: all established hierarchies and orders are steamed away. And they had no real idea what was coming: the pace of worldwide change of their day was less than 1/4 of what it would become after 1870.
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Some Comments on þe ¶s of “Slouching Towards…
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BRIEFLY NOTED: For 2022-06-24 Fr: "[The 2.1 percent per year average annual worldwide technology growth rate starting in 1870] meant that the technological and productivity economic underpinnings of human society in 1903 were profoundly different from those of 1870—underpinnings of industry and globalization as opposed to ones that were still agrarian and landlord-dominated. The mass-production underpinnings of 1936, at least in the industrial core of the global north, were profoundly different also. But the change to the mass consumption-suburbanization underpinnings of 1969 was as profound, and that was followed by the shift to the information-age microelectronic-based underpinnings of 2002. A revolutionized economy every generation cannot but revolutionize society and politics, and a government trying to cope with such repeated revolutions cannot help but be greatly stressed in its attempts to manage and provide for its people in the storms." Let me stress this: humanity had never before seen anything like this pace of economic transformation. Not just production, but newly-transformed production and the further transformation of production became the principal work-life business of humanity. As much economic change and creative destruction as had taken place over 1720-1870 took place every 33 years after 1870. And the pace of change over 1720-1870 had already been more than fast enough to shake societies and polities to pieces. "All that is solid melts into air", Marx and Engels had written in 1848: all established hierarchies and orders are steamed away. And they had no real idea what was coming: the pace of worldwide change of their day was less than 1/4 of what it would become after 1870.