27/11/2018
The first industrial revolution at the end of the 17th century was possibly the first time in human history that sustained economic growth and technological progress collided with falling living standards and employment conditions, resulting in the great social upheavals described in Karl Polanyi’s The Great Transformation. By now, it is undeniably clear that technological development and economic growth do not necessarily go hand in hand with social progress. Therefore, it should be the goal of our politics to ensure industrial and societal transformations provide opportunities for social mobility and citizens’ personal and professional development – rather than being cause for concern and insecurity.
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