political economy the 3 were the classical economists compared to today's neo classical economist david ricardo already an $821.00 was asking the question that everyone thinks are so smart when they talk about it today the robots are taking our jobs he was already saying this mechanisation which is fueling growth under the industrial revolution has huge problematic features it's displacing labor it's causing unemployment and a pressure for wages to go down but then what you have for 200 years up until the 1980 s. basically is that the profits that were being generated from this new machinery and industrial revolution were being reinvested in other parts of the economy so even though some jobs were being displaced there were then being found elsewhere literally creative destruction not just in technology but in jobs what then happened at the same time of the factor reagan years you had this obsession with maximizing shareholder value in terms of how companies were governed and that was you know became i think a fundamental problem sickness in modern day capitalism which we're really seeing still