"Overcoming Powerlessness" by Ralph NaderQuicklink submitted by M. Wizard Permalink
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|"In the Depression-Wracked 1930s, the famous British economist John Maynard Keynes wrote an essay titled "Economic Possibilities for our Grandchildren." In that piece, he made a prophecy that we have shamelessly failed to fulfill. At the time of his writing, the world economy had reached a level of productivity that would enable society to eliminate the "economic problem"--that is, the persistence of abject poverty. "The economic problem may be solved, or be at least within sight of solution, within a hundred years," he wrote. "This means that the economic problem is not--if we look into the future--the permanent problem of the human race." Keynes argued that there was no economic excuse for not abolishing poverty and for providing everyone with the necessities of life, including retirement security."|
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