Showing posts with label sub prime loans make pointless work.. Show all posts
Showing posts with label sub prime loans make pointless work.. Show all posts

Friday, 19 November 2010

People must have jobs - ?

This is a councillor being quoted on a council's website:

"Breaking the cycle of unemployment where generations have not known work or wages can be very difficult. Apart from job availability, the barriers may be the lack of skills, fear of starting a job in a new environment, a need for childcare, clothing and perhaps social skills.

"If a suitable job is available, we want to help identify factors that would prevent a jobseeker from getting and keeping that work.

"It's important the cycle of worklessness is broken, particularly where children are concerned, so they can learn to embrace the world of work and aspire to a more varied future."


 Apart from the "aspire to a more varied future", this gets a big thumbs down from me. Let's not indoctrinate children to 'embrace the world of work' - at least not with our current understanding.


TVP/TZM approach (as I express it).

  • What needs doing? (Only things that are socially constructive, and preserve and improve us and our planet for our continued existence as a species should be done.)
  • Can it be done efficiently and sustainably by machine(s) / technology now, or in the future? If so deploy/develop the technology as soon as possible.
  • What is left has to be done by humans, at least until the technology can take over. 
TVP/TZM thinks there will be very little need for human work in a technologically advanced resource based economy

Sunday, 25 July 2010

Even the crash makes work - pointless work - for people to do

Prof Niall Ferguson's TV programme, The Ascent of Money is being shown again on TV at the moment. In the first episode, he shows how the poor people of Memphis are loaned money to buy a car, but they can't afford to pay back the loan so the loan is 'restructured' and the car repossessed and put back on sale possibly in the same dealership that sold it to the first hapless customer.

The people restructuring their loans go to see lawyers, who are in effect paid to change a subprime loan that should never have been made by the bankers, into a loan that has some prospect of being paid back. There's also work for auction houses selling the same cars over and over again as they cycle round from individual to bank to auctioneer, to car dealer, to individual ...

Nothing productive, nothing worthwhile, all just games with money, moving cars around physically, nd admin as the 'title' to the car changes hands.