Just A Downturn: The Decline and Fall of Sloanist Mass Production

“Just A Downturn: The Decline and Fall of Sloanist Mass Production”

by Kevin Carson

“The truth of the matter is, the present economic crisis is not cyclical, but structural. There is excess industrial capacity that will be rust in a few years because we are entering a period of permanently low consumer demand. As Peter Kirwan at Wired puts it, the mainstream talking heads are mistaking for a cyclical downturn what is really “permanent structural change” and “industrial collapse.” …a better way of stating it would be “a structural shift toward a less-work, less-output, less-planned-obsolescence, and less-embedded-rents-on-IP-and-ephemera dynamic, with no reduction in material standard of living. A structural dynamic toward working fewer hours to produce less stuff because it lasts longer instead of going to the landfill after a brief detour in our living rooms, would indeed be a good thing.”

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~ by rechelon on November 10, 2011.

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