Currently, I sick when I think that sometimes in the past I used to defend corporations as positive force in this world. Also, a lot of politicians defend that corporations should get a lot of favors from government by cheap credit loan and tax exemption because they are ‘job creators’ who are employing and providing income for a lot of people.
For examples, there are two main arguments which I used in the past to advocate capitalism, business entrepreneurship and technological progress:
1) If the new technologies are invented then it will create new vacancies for engineers to develop and maintain those technologies and it will solve most unemployment issues.
2) Technology will create new wealth and thus will solve poverty and will lead to more convenient and productive life.
Like most propaganda, those arguments are only partially correct. For example, the first argument that new technologies will create new job. They are correct in saying that when the new technologies are invented such as automobile, computer and electricity, there will be a lot of opportunities and jobs for mechanics, software engineers and electricians. However, they never take into account jobs that are destroyed because of this technology. For examples:
– Automobile will cause all people working in equine industry become jobless
– Electric lightbulb will cause oil lamp workers and business owners become jobless
– Computer and software will cause clerical workers become jobless
So, it is not obvious that new technologies will solve unemployment problem. In fact, I will argue that technology will worsen unemployment problem. That because new technologies often leverage machine power instead of manpower so the new jobs created by modern technology will not exceed the jobs destroyed by that new technology.
Now, let’s take a look of second argument that technology will create more wealth and it will lead to more prosperous and productive society. Granted, technologies often lead to the more effective life. For example, the invention of automobile can make us reach destination faster to cover the same traveling distance.
However, the question is now who can then enjoy this kind of convenience? All people?
Usually, new technology costs are very expensive. This is because corporations need to compensate for their research and expertise manpower involved in producing this new technology. The only people who will enjoy these technologies are those who have a lot of money to afford these new technologies (aka capitalist elites) and stupid people who are willing to drown into debt slave to live rich people’s lifestyle.
In contrast, the poor people who work in ‘outdated’ industry will end up jobless.