Post-workists, like David Graeber, argue that the absence of work would produce a richer culture. With people having more time, private life could also become more communal like ‘Red Vienna’ in the early 20th century, when the city government built housing estates with communal laundries, workshops, and shared living spaces that were quite luxurious.
People might at first be unable to organize their unstructured free time, but our capacity for things other than work can be build up again.
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Although people feel much busier with work these days, the total time people are working – whether paid or otherwise – has not increased in Europe or North America in recent decades.
Though historically, the ultimate symbol of wealth, achievement and social superiority was the freedom not to work. Now we measure our worth not by the results we achieve, but by how much of our time we spend doing things.
.. was a devastating economic collapse which started in the US in 1929, lasting a decade. Europe was already struggling post the WWI recession, while the US was thriving. As borrowings and stoc...
On 29th October 1929, the infamous crash of Wall Street happened, where 30 million dollars were lost in a week, leading to customers rushing to withdraw their money, known as the ‘bank run’.
The entire world felt the capitalistic fall and realized that a boom leads to a bust, eventually. The disastrous effects felt around the world showed how economically interconnected the world had become.
In 1933, then-President Franklin Roosevelt promoted his recovery path of Relief, Recovery and Reform, to give shape to the slow and arduous reform process that will take decades.
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