The Forum > Article Comments > Living standards in the era of declining marginal returns > Comments
Living standards in the era of declining marginal returns : Comments
By Cameron Leckie, published 1/4/2010The biggest barrier to addressing the multitude of stressors on our global civilisation can be summed up in two words: living standards.
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“Poverty was the universal condition of everyone for many thousands of years...”
Geoffrey Blainey reported that in 1788, the aboriginals around Botany Bay had a much higher standard of living than the whitefellas. It only took a few hours a day to find enough food. Making rudimentary tools and weapons only took a little more. Most of the day was spent in what we would describe as 'recreational activity'.
“...until people learnt to understand the benefits of the division of labour...”
The immediate 'benefit' of division of labour was the introduction of slavery, and the class system. Guess where all the libertarians were.
“If the income re-distribution you have in mind is not to be done by force, then how is it to be done?”
I would suggest as a starter: “We only need to allow corporations to fail, and to deny them the legal privileges that are denied to everyone else.”
“Bravo, Grim. We’ll make a libertarian of you yet.” Not so long as libertarians believe the greatest liberty is the unfettered right to exploit others without scruple or mercy, or 'interference from bullying legislators and police'.