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In time he went to the faculty of the New School for Social Research in New York. He had a brilliant though erratic mind, and his influence on young teachers with radical leanings in New York at Columbia and the New School cannot be exaggerated. In an age when it was the popular thing in college to be in revolt, Veblen supplied his followers with a steady stream of alluring and half­baked slants on the world around them. The point that stuck with them was that our democratic system of business was run by a lot of ignoramuses and that the remedy was a new structure of society in which the experts ­- the technicians and the professors -­ would take over. This was government by the [[liberal elite|elite]], which is precisely what [[Mussolini]] believed in.  

In time he went to the faculty of the New School for Social Research in New York. He had a brilliant though erratic mind, and his influence on young teachers with radical leanings in New York at Columbia and the New School cannot be exaggerated. In an age when it was the popular thing in college to be in revolt, Veblen supplied his followers with a steady stream of alluring and half­baked slants on the world around them. The point that stuck with them was that our democratic system of business was run by a lot of ignoramuses and that the remedy was a new structure of society in which the experts ­- the technicians and the professors -­ would take over. This was government by the [[liberal elite|elite]], which is precisely what [[Mussolini]] believed in.  

Veblen decided that the capitalist system was doomed because it could never produce abundance. It could not do this because the business men who dominated it were systematically engaged in sabotage -­ that is, the conscious withdrawal of efficiency in order to create scarcity and increase prices. The technicians alone posses the technological knowledge for producing at all times all the goods and services which the population requires. Unfortunately the experts were now under the control of the bankers and the absentee owners who forced them to curtail output. Veblen insisted that the engineers should unite, since they are few in number and could easily do this. "Given time it should not come as a surprise that the guild of the engineers are provoked to put their heads together and disallow that large absentee ownership that goes to make the vested interests and to unmake an industrial system ...  

Veblen decided that the capitalist system was doomed because it could never produce abundance. It could not do this because the business men who dominated it were systematically engaged in sabotage -­ that is, the conscious withdrawal of efficiency in order to create scarcity and increase prices. The technicians alone posses the technological knowledge for producing at all times all the goods and services which the population requires. Unfortunately the experts were now under the control of the bankers and the absentee owners who forced them to curtail output. Veblen insisted that the engineers should unite, since they are few in number and could easily do this. "Given time it should not come as a surprise that the guild of the engineers are provoked to put their heads together and disallow that large absentee ownership that goes to make the vested interests and to unmake an industrial system ... A general strike of the technological specialists in industry need involve no more than a minute fraction of the whole population; yet it would swiftly bring a collapse of the old order and sweep the time­worn fabric of finance and absentee sabotage into the discard for good and all." <ref>''The Roosevelt Myth'', John T. Flynn, Fox and Wilkes, 1948, Book 2, Chapter 5, The New New Deal. http://www.rooseveltmyth.com/book/fdrmyth_Chapter_Five___The_Dance_of_the_.htm The Dance of the Philosophers]</ref>}}

 

"A general strike of the technological specialists in industry need involve no more than a minute fraction of the whole population; yet it would swiftly bring a collapse of the old order and sweep the time­worn fabric of finance and absentee sabotage into the discard for good and all." <ref>''The Roosevelt Myth'', John T. Flynn, Fox and Wilkes, 1948, Book 2, Chapter 5, The New New Deal. http://www.rooseveltmyth.com/book/fdrmyth_Chapter_Five___The_Dance_of_the_.htm The Dance of the Philosophers]</ref>}}

==Bibliography==

==Bibliography==