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immiserate |
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| Not surprisingly, the ETC Group's worries in this connection are chiefly egalitarian, specifically that nanotechnology will increase the power of corporations and governments while further immiserating the poor. 6) Karl Marx, calling Henry Carey "the only important North American economist," condemned him for criticizing the destruction of the Indian textile industry by Britain (Marx thought the annihilation of national industries and the formation of a single global market, by immiserating workers everywhere, would hasten the worldwide socialist revolution). How does his pledge to end "welfare as we know it" depart from the cheap-shot rhetoric of every small-town pol who wants to shave taxes by further immiserating the poor? |
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