Less Growth and Less Work by Mohssen Massarrat
French economist Thomas Piketty described neoliberalism or finance capitalism as an “inequality machine.” Profits soar and investments are postponed. Keynes spoke of three phases: investments, surplus and stagnation. Are economic policy alternatives and trade agreements blacked out from public discussion?
Reduced working hours is the only way to full employment and to gaining work-life balance. Doing the same thing and expecting different results is the definition of insanity, Einstein said. Eliminating the cap on payroll social security contributions and rescheduling student loans would help reverse exploding inequality and create public spirit, trust between the generations.
Courage is different than cowardice as light differs from darkness and lethargy and paralysis differ from an open dynamic future.
to read “Less Growth and Less Work” published in 2009, click on