"Bureaucracy, the rule of no one, has become the modern form of despotism." ~ Mary McCarthy
Creating Jobs Versus Creating Value
Submitted by Westernerd on Sat, 2012-02-04 04:00
"Creating jobs is easy; it’s creating value that’s hard. We could create millions of jobs quite easily by destroying every piece of machinery on U.S. farms. The question is whether we are actually better off by creating those jobs — and the answer is a definite no. We wantlabor-saving, job-destroying technology because it creates value by enabling us to produce things at lower cost and thereby free up labor for more urgent uses."
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