“The truth of the matter is, the present economic crisis is not cyclical, but structural. There is excess industrial capacity that will be rust in a few years because we are entering a period of permanently low consumer demand. As Peter Kirwan at Wired puts it, the mainstream talking heads are mistaking for a cyclical downturn what is really “permanent structural change” and “industrial collapse.” …a better way of stating it would be “a structural shift toward a less-work, less-output, less-planned-obsolescence, and less-embedded-rents-on-IP-and-ephemera dynamic, with no reduction in material standard of living. A structural dynamic toward working fewer hours to produce less stuff because it lasts longer instead of going to the landfill after a brief detour in our living rooms, would indeed be a good thing.” —Kevin Carson 

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