In this seminar we discussed the New Industrial Estate and what Galbraith thought about economics. It was Jenni's turn to do her seminar paper which I thought helped clear up a lot of confusion I had.
She mentioned in her paper that high industry corporation leaders control everything including the Government. J K Galbraith believes that corporations are souless and only care about the mass consumers rather than trying to please the individuals. Galbraiths book talks about business and planning to gain the most profit.
We discussed the issue about the technology taking over from workers. We discussed how Galbraith says that by replacing employers with technology it saves money and is twice as fast. He says that using technology you only need to use one specialist to do a ten man job. This saves the company money, this also means that they can produce twice as much products in less time which is useful for profit. He also states that 'machines cant go on strike' unlike workers.
Although Galbraith does mention that the blue collar workers are the force behind the company, these are the people who do all the hard work making and distributing the product, this should make them invaluable. We decided that it was unfair to fire the workers to replace them with this new technology but it was necessary as a big corporation.
We had the thought that there was no way in which the smaller companies could compete with larger corporations. We thought that Galbraith somehow believed that people were the real force behind the corporations and the only way we were to help things out was to spend. Shopping seemed the only evident necessity for people to help keep the companies in business, and the only logical thing to do with money.
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