Economist: If the belief were to become widespread that losing one' s job is not a sign of personal shortcomings but instead an effect of impersonal social forces (which is surely correct), there would be growth in the societal demand for more government control of the economy to protect individuals from these forces, just as the government now protects them from military invasion
Such extensive government control of the economy would lead to an economic disaster, however
Increased knowledge of the causes of job loss could lead to economic disaster.