Karl Marx Quotes
The production of too many useful things results in too many useless people.
Marx, Karl. "Economic and Philosophic Manuscripts of 1844." Karl Marx, Frederick Engels: Collected Works, Vol. 3. International Publishers, 1975, p. 306.
Technology has always displaced and replaced workers, but most industrial technological breakthroughs, in the long run, have created new jobs and better paid ones. What worried Gompers did not appear to materialize in his lifetime, but actually became and issue on the later years of the 20th century and the early 21st century where the computer the robot, and the sophisticated software began to replace workers at a faster rate than new opportunities were created. Gompers was one of the harbingers of things to come.
One problem critics have with his argument is that while there is always work to be done, there are not always entities willing to pay for the additional work. Gains in productivity will justify investment in more rapid deployment of technology; thus entities in society are will to invest the funds. But if there is no visible economic return from the additional work, corporations and taxpayers may be unwilling to fund it leading to massive unemployment and instability.
Karl Heinrich Marx was a German philosopher, economist, historian, sociologist, political theorist, journalist and socialist revolutionary. Born in Trier, Germany, Marx studied law and philosophy at university. He married Jenny von Westphalen in 1843. Due to his political publications, Marx became stateless and lived in exile with his wife and children in London for decades, where he continued to develop his thought in collaboration with German thinker Friedrich Engels and publish his writings, researching in the reading room of the British Museum. His best-known titles are the 1848 pamphlet The Communist Manifesto and the three-volume Das Kapital (1867–1883). Marx's political and philosophical thought had enormous influence on subsequent intellectual, economic and political history. His name has been used as an adjective, a noun, and a school of social theory.
