Reading rec:
"Political Aspects of Full Employment"
Intriguing 1943 essay by Michał Kalecki
https://mronline.org/2010/05/22/political-aspects-of-full-employment/
Reasons of business opposition to full employment:
It would eliminate business political power
1) over government, which is forced to maintain "business confidence" to avoid slumps, and
2) over workers, for whom the threat of unemployment serves as disciplining device.
What if #basicincome or #jobguarantee would blunt these threats?
Political Aspects of Full Employment - MR Online
This essay was first published in Political Quarterly in 1943; it is reproduced here for non-profit educational purposes. A shorter version of this essay was published in The Last Phase in the Transformation of Capitalism (Monthly Review Press, 1972). I 1. A solid majority of economists is now of the opinion that, even in a








