Sunday, January 6, 2013

HOW MUCH IS ENOUGH

The book turn out to be much more academic than I would like.  Skidelsky spent a lot of pages on establishing the prior scholar conclusin.

Still early in the book so I am hopeful.  My pessimistic hunch is that human nature have precluded there is a limited of desire.  So it will never be enough. 

Keynes assume by 2030 the west will be so productive that the average work hour is 15 per week.  But it is completely wrong in the US and most of the world except old Europe.   For better or for worse, the US and East Asia, work is not only for earning a living.  Long hours is a status symbol,  a badge of honor, a self-imposed lifestyle.  The poor are jobless, the rich work 70 hours a week.  So it completely defy Keynes' predictions.

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