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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…” quote by Daron Acemoğlu
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““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””

Daron Acemoğlu

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.

Key Takeaway

Balance innovation with social safety nets.

Themes

technology economics politics labor innovation

Mood

concerned analytical critical

Type

analytical policy

When to use this quote

  • policy making
  • industrial planning
  • labor negotiations
  • social welfare design

Key Concepts

creative destruction productivity gains political risk

Questions to Reflect On

  • How can societies mitigate job displacement?
  • What policies protect democratic stability?
A Different Perspective

Economic benefits may be uneven, sparking resistance.

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