Mises Brasil. 7º dia de Setembro de 2011. "In dependence" day

"The "Luddites" were early 19th-century British textile workers who protested the introduction of mechanized looms by destroying them and issuing proclamations denouncing the new technology in the name of the mythical "King Ludd" of Sherwood Forest. What the Luddites failed to understand — and what many neo-Luddites today fail to understand — is that "labor-saving" technology that reduces production costs causes prices to fall, which in turn increases consumer purchases and generates more jobs. For example, when direct-dialing telephone service was invented, the communication workers' union initially protested the supposed loss of jobs, but reversed its position in a few years once it realized how thousands of additional jobs were created by making telephone services so much cheaper."