Automation Against Capitalism
Automation is Capitalism's great new prize and its most potent challenge. At once, it breaks the back of organised labour but puts into disarray the carefully constructed social system that we call Capitalism. It is Capital - that's what machines, robots and know-how are - becoming supremely productive and utterly meaningless at the same time. It is the realisation of an utopia, but also a moment of reality. It would potentially expand supply infinitely, as finite Human time will no longer be required, at the same time as perversely limiting demand, as nothing that is produced could be bought. The last bit is indeed the classic Marxist argument, but from the vantage point of 21st century, we see something that Marx did not. First, though Marx made some very insightful predictions, the empire was still only taking shape and at the time of Marx's death, the integration of global economy was still in its infancy. Also, for Marx, the nineteenth century capitalism was a ...