Forum Post: High Unemployment Brings Marx to the World Bank

"We have considered the political reasons for the opposition to the policy of creating employment by government spending. But even if this opposition were overcome - as it may well be under the pressure of the masses - the maintenance of full employment would cause social and political changes which would give a new impetus to the opposition of the business leaders. Indeed, under a regime of permanent full employment, the 'sack' would cease to play its role as a 'disciplinary measure. The social position of the boss would be undermined, and the self-assurance and class-consciousness of the working class would grow. Strikes for wage increases and improvements in conditions of work would create political tension. It is true that profits would be higher under a regime of full employment than they are on the average under laissez-faire . . . But 'discipline in the factories' and 'political stability' are more appreciated than profits by business leaders."

from: Low Wage Growth, High Long-Term Unemployment Recognized as International Problem Posted on September 10, 2014 by Yves Smith http://www.nakedcapitalism.com/2014/09/low-wage-growth-high-long-term-unemployment-recognized-international-problem.html

The hubris of upper middle class and ruling elites has bothered me since my early teens. I've rebelled against their control and authority all my life . . . at least in spirit. I find them detestable, onerous, obnoxious and insufferable. That they think they're righteous and a blessing to the human race they parasitize is ironic. That they think themselves human at all is idiotic.