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Regular crises perpetuate the past by reinvigorating cycles which started long ago. In contrast, (capital-C) Crises are the past's death knell. They function like laboratories in which the future is incubated. They have given us agriculture and the industrial revolution, technology and the labour contract, killer germs and antibiotics. Once they strike, the past ceases to be a reliable predictor of the future and a brave new world is born.
Yanis Varoufakis
Of valid economics pre-dating the Power Age (steam and electricity), there remains not a vestige. Of valid economics pre-dating the intensive and extensive use of electricity there will soon exist only rags and tatters. We still have to thank Adam Smith for insisting 'Consumption is the sole end and purpose of production;' but the old form of the law of demand and supply is outmoded, since supply has become practically inexhaustible.
Harriet Boyd Hawes
Most of us are still in some small way victims of the Industrial Revolution. Whether through our grandparents, our parents, or our own experience, we were raised to believe that our place in life required compliance and conformity rather than creativity and uniqueness. We have been raised in a world where information is deemed far more important than imagination. Adults replaced dreams with discipline when they were finally ready to grow up and be responsible for their lives. Whether this contrast was reinforced on an assembly line, in a cubicle, or in a classroom, the surest path to acceptance in society is accepting standardization. And we more than willingly, relinquish our uniqueness.
Erwin Raphael McManus
Preindustrial living standards are predictable based on knowledge of disease and environment. Differences in social energy across societies were muted by the Malthusian constraints. They had minimal impacts on living conditions. Since the Industrial Revolution, however, we have entered a strange new world in which economic theory is of little use in understanding differences in income across societies, or the future income in any specific society. Wealth and poverty are a matter of differences in local social interactions that are magnified, not dampened, by the economic system, to produce feast or famine.
Gregory Clark
Had history been democratic in its ways, there would have been no farming and no industrial revolution. Both leaps into the future were occasioned by unbearably painful crises that made most people wish they could recoil into the past.
Yanis Varoufakis
Everybody in those days was a foreigner, no matter where they were born; as industrial modernization had its way with people and places, no one was native to the transformation of the United States from an agricultural economy to the foremost industrial power in the world--the factory being both the cause and the effect of an act of becoming, the likes of which nobody had ever seen before.
Jerry Herron
Let us hush this cry of 'Forward', till ten thousand years have gone.
Alfred Tennyson
Countries adopting free-market capitalism have increased output 70-fold, halved work days and doubled lifespans.
Stefan Molyneux
By far the most significant consequence of "selfish capitalism" (Thatch/Blatcherism) has been a startling increase in the incidence of mental illness in both children and adults since the 1970s.
Oliver James
Historians of technology have asked why no industrial revolution developed in antiquity. The simple answer seems to be that there was no need, that contemporary modes of production and the slave-based economy of the day satisfactorily maintained the status quo. The capitalist idea of profit as a desirable end to pursue was completely foreign to the contemporary mentality. So, too, was the idea that technology on a large scale could or should be harnessed to those ends. An industrial revolution was literally unthinkable in antiquity.
James E. McClellan

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