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Wealth is leisure. Leisure, wealth. — Sandwichman

Summary:
The three quotes above are from, respectively: 1. William Godwin 2. Charles Wentworth Dilke 3. Karl Marx. There was a very pronounced influence of Godwin on Dilke and of Dilke on Marx (hence indirectly of Godwin on Marx). My research suggests that viewing Marx's work from the perspective of Dilke's major influence reveals both hidden strengths and weaknesses in Marx's critique of political economy....Leisure is freedom. "Capitalism" has greatly increased freedom, although unequally. But it's only a start in comparison with the potential that technological innovation makes possible. Marx viewed this as leading in the direction of socialism as a socio-economic system as developments in the mode of production make this possible. The mode of production is shifting radically in the digital age

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Wealth is leisure. Leisure, wealth. — Sandwichman
The three quotes above are from, respectively: 1. William Godwin 2. Charles Wentworth Dilke 3. Karl Marx. There was a very pronounced influence of Godwin on Dilke and of Dilke on Marx (hence indirectly of Godwin on Marx). My research suggests that viewing Marx's work from the perspective of Dilke's major influence reveals both hidden strengths and weaknesses in Marx's critique of political economy....
Leisure is freedom. "Capitalism" has greatly increased freedom, although unequally. But it's only a start in comparison with the potential that technological innovation makes possible. Marx viewed this as leading in the direction of socialism as a socio-economic system as developments in the mode of production make this possible. The mode of production is shifting radically in the digital age toward surplus and away from scarcity of socially necessary goods, but the relations of production have not caught up yet, as productivity increases have mostly increased the wealth of the uppermost rungs of class structure. This is resulting in systemic stress that threatens the continuation of "business as usual."

Econospeak
Wealth is leisure. Leisure, wealth.
Sandwichman (Tom Walker)
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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