Political instability Quote by Daron Acemoğlu
““Both feared that the mechanization of stocking production would be politically destabilizing. It would throw people out of work, create unemployment and political instability, and threaten royal power. The stocking frame was an innovation that promised huge productivity increases, but it also promised creative destruction. T””
About This Quote
Source Book: Economics of Technological Change, Daron Acemoğlu, 2010
Industrial automation can boost productivity but also cause job loss and political upheaval, challenging existing power structures.
In simple terms: Automation raises productivity and political instability.
Balance innovation with social safety nets.
Themes
Mood
Type
When to use this quote
- policy making
- industrial planning
- labor negotiations
- social welfare design
Key Concepts
Questions to Reflect On
- How can societies mitigate job displacement?
- What policies protect democratic stability?
Economic benefits may be uneven, sparking resistance.