Monday, March 21, 2011

Technical Change, by Richard M. Morano, Donald A . Dellow

In the early nineteenth-century England, workers now known as luddites roamed the countryside destroying machinery that they saw as creating unemployment and upsetting their traditional life. They were of course, right: The growing mechanization of production. What we would now call tehnological change, and expanding volume of trade ushered in the industrial revolution and disrupted traditional patterns of life. The neo-Luddite movement of today has simular worries and is evidenced by the antiglobalization sentiments that produced riots in the late twentieth and early twenty-first centuries in Seatle, Paris and London.

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