Peer2Politics
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Peer2Politics
on peer-to-peer dynamics in politics, the economy and organizations
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Sympathy for the Luddites

Sympathy for the Luddites | Peer2Politics | Scoop.it
In 1786, the cloth workers of Leeds, a wool-industry center in northern England, issued a protest against the growing use of “scribbling” machines, which were taking over a task formerly performed by skilled labor. “How are those men, thus thrown out of employ to provide for their families?” asked the petitioners. “And what are they to put their children apprentice to?”
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Why did Britain’s political class buy into the Tories’ economic fairytale?

Why did Britain’s political class buy into the Tories’ economic fairytale? | Peer2Politics | Scoop.it
The UK economy has been in difficulty since the 2008 financial crisis. Tough spending decisions have been needed to put it on the path to recovery because of the huge budget deficit left behind by the last irresponsible Labour government, showering its supporters with social benefit spending. Thanks to the coalition holding its nerve amid the clamour against cuts, the economy has finally recovered. True, wages have yet to make up the lost ground, but it is at least a “job-rich” recovery, allowing people to stand on their own feet rather than relying on state handouts.
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