Monday, January 2, 2012

On Intellectual Complainers

I ran across a great explanation of the Occupy crowd...
As society gets richer, education expands and the number of "intellectuals" begins to grow.  These are people who have gone through college and believe that they are really the smartest people, but they go out into the market and find that they can't get a job and they don't actually have any skills.  They get discontented with their lives.  They begin to feel like life is unfair to them.  After all, they're the educated ones; they should have good jobs.  They begin to get resentfual and they say capitalism must be at fault.  Under a just system, smart people like them would be in control and they could run things.
You might think that this isn't particularly insightful, that you've thought these exact same thoughts yourself.  Well, you'd be right except for one little fact.  The punchline is in the comments.

1 comments:

ALD said...

That argument was made by Joseph Schumpeter in his book "Capitalism, Socialism and Democracy" written in 1942.