Sunday, May 10, 2020

Veblen had a name for this kind of foot-dragging: sabotage. He pointed out that the word itself derives from the French for “wooden shoe” (sabot), and so it denotes “going slow, with a dragging, clumsy movement, such as that manner of footgear may be expected to bring on.” Because profitability required scaling back production to maximally profitable levels, it followed that economic sabotage “is the beginning of wisdom in all sound workday business enterprise.”Their black Flag, under which they had committed abundance of Pyracies and Murders, was affix'd to one Corner of the Gallows. It had in it the Portraiture of Death, with an Hour-Glass in one Hand, and a Dart in the other, striking into a Heart, and three Drops of Blood delineated as falling from it. This Flag they called Old Roger, and us'd to say, They would live and die under it.

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