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malaise

(269,003 posts)
Sat Jul 18, 2015, 08:51 PM Jul 2015

Economics The end of capitalism has begun - great read

http://www.theguardian.com/books/2015/jul/17/postcapitalism-end-of-capitalism-begun
<snip>
Without us noticing, we are entering the postcapitalist era. At the heart of further change to come is information technology, new ways of working and the sharing economy. The old ways will take a long while to disappear, but it’s time to be utopian

The red flags and marching songs of Syriza during the Greek crisis, plus the expectation that the banks would be nationalised, revived briefly a 20th-century dream: the forced destruction of the market from above. For much of the 20th century this was how the left conceived the first stage of an economy beyond capitalism. The force would be applied by the working class, either at the ballot box or on the barricades. The lever would be the state. The opportunity would come through frequent episodes of economic collapse.

Instead over the past 25 years it has been the left’s project that has collapsed. The market destroyed the plan; individualism replaced collectivism and solidarity; the hugely expanded workforce of the world looks like a “proletariat”, but no longer thinks or behaves as it once did.

If you lived through all this, and disliked capitalism, it was traumatic. But in the process technology has created a new route out, which the remnants of the old left – and all other forces influenced by it – have either to embrace or die. Capitalism, it turns out, will not be abolished by forced-march techniques. It will be abolished by creating something more dynamic that exists, at first, almost unseen within the old system, but which will break through, reshaping the economy around new values and behaviours. I call this postcapitalism.

As with the end of feudalism 500 years ago, capitalism’s replacement by postcapitalism will be accelerated by external shocks and shaped by the emergence of a new kind of human being. And it has started.

Lots more at link

11 replies = new reply since forum marked as read
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Economics The end of capitalism has begun - great read (Original Post) malaise Jul 2015 OP
Great article. Can't happen too soon imho. corkhead Jul 2015 #1
Great article Recursion Jul 2015 #2
I hope I live long enough to dance on the grave of capitalism hifiguy Jul 2015 #3
That was my first thought malaise Jul 2015 #4
The good news is that I liked it enough to preorder the book Nevernose Jul 2015 #5
Tell me about it malaise Jul 2015 #6
Piketty's book is a one of those hifiguy Jul 2015 #8
Very long article, but very good Hydra Jul 2015 #7
Agree on one element, but this is mostly muddled thinking daredtowork Jul 2015 #9
I do not like the article PowerToThePeople Jul 2015 #10
The Owners won't go down without a fight. Octafish Jul 2015 #11
 

hifiguy

(33,688 posts)
3. I hope I live long enough to dance on the grave of capitalism
Sat Jul 18, 2015, 09:05 PM
Jul 2015

but I probably won't.

I just hope it dies before it enslaves the world and destroys the ecosphere.

Nevernose

(13,081 posts)
5. The good news is that I liked it enough to preorder the book
Sat Jul 18, 2015, 09:30 PM
Jul 2015

The bad news is the book doesn't come out until February.

It's a lengthy book excerpt, and economics isn't exactly the most rousing of reading, but I'm always wondering what the next step is. We're coming up on a day, very soon, in which there isn't much in the way of wage-earning labor left, just information and the software that uses it, and that's going inspire either an apocalypse or a utopian paradigm.

 

hifiguy

(33,688 posts)
8. Piketty's book is a one of those
Sat Jul 18, 2015, 11:50 PM
Jul 2015

Once or twice in a century game-changers. "Brilliant" doesn't even begin to describe it.

Hydra

(14,459 posts)
7. Very long article, but very good
Sat Jul 18, 2015, 09:42 PM
Jul 2015
Once you understand the transition in this way, the need is not for a supercomputed Five Year Plan – but a project, the aim of which should be to expand those technologies, business models and behaviours that dissolve market forces, socialise knowledge, eradicate the need for work and push the economy towards abundance. I call it Project Zero – because its aims are a zero-carbon-energy system; the production of machines, products and services with zero marginal costs; and the reduction of necessary work time as close as possible to zero.


This is where I think we need to go, and the 1% absolutely do not want us going. A world where true equality is possible, where their privileges and obscene abuses of power are basically impossible.

I think a lot of people are scared of such a world- it would be completely unlike our current one...but I'm thinking that's not a bad thing.

daredtowork

(3,732 posts)
9. Agree on one element, but this is mostly muddled thinking
Sun Jul 19, 2015, 05:32 AM
Jul 2015

Agree that the old Left is too focused on Labor and validating an economy of "less work" and allowing people to have a purposeful life would also be good. Perhaps we have something to learn from monastic life in the Middle Ages there! At least they convinced everyone that it was worthwhile to dedicate one's life to a daily routine spent in the worship of God!

There is one major area where I do think this article is in a muddle. There will still be production necessities and material needs related to food and housing and array of secondary "basic necessities". These material needs cannot be handled by "abundant information" or "our networked future" or whatever. This is where futurists always run right off the rails. The other issue where real economists stare them down is how to sort out who gets to live where when some places are better than others. Not everyone can have the beachfront property. Not everyone can have the convenient apartment near the commuter train. Not everyone can have the house that puts your child in the best school in the district. Capitalist competition and money is what we've been using to sort out the relative privilege of geo-location - especially in this era of $4000 rents for one bedroom apartments in San Francisco.

If the "bullshit jobs" aren't being made available, how do people earn the means to get housed? As not enough people can afford to get housed and housing falls apart, who will build affordable housing?That sounds an awful lot like an old economy "labor" job. Why do I have a sneaking suspicion that the Silicon Valley version of this fantasy will be that the already rich will get to try out the Abundance Economy first while quasi-slave labor from Mexico - who won't even be paid enough to rent a trailer in a trailer park - will be building their density-ready, transit-convenient, sustainable and green domiciles?

Some Post-Capitalists are more equal than others?

 

PowerToThePeople

(9,610 posts)
10. I do not like the article
Sun Jul 19, 2015, 12:44 PM
Jul 2015

Open source collaboration is a good thing and has a strong anti-capitalist vibe to it, though it can be used by capitalists as long as the licensing is respected.

Technology still needs network infrastructure to run on, a source of power, and hardware. Until there are community owned foundries turning out microchips for people to spin their own device with, this is still owned by capitalists. Also, real property and taxes are only paid for in US dollars. US dollar supports capitalism currently.

Real property is already divided up between the world's capitalists. The only way is see changing the system is to take that property back and use a new method to use that property better for all of humanity. It will not happen easily.

Octafish

(55,745 posts)
11. The Owners won't go down without a fight.
Sun Jul 19, 2015, 01:03 PM
Jul 2015

They earned their money, apart from the inheritance, and they plan to keep it.



Ask if they care who gets killed in the process.

I, too, hope the book proves prophetic, malaise. I'd like to see the world Jacques Fresco envisions, where technology is used to transform the world, rather than enslave it.

A few years back, Jacques Fresco described what could be. The 90 year old talked standing up for 60 minutes. From something I posted on DU (can't find the OP, for some reason):



On March 5, 2009, futurist Jacques Fresco addressed a group of people at U-M in Ann Arbor. The former NASA engineer described how his current company had been commissioned by the then-flush Saudis to design the city of the future.

Fresco showed us an animated film of their work. The projected communities were organized in a circular shape, with city services in the center, the next ring being housing, then parks and recreation, then the outermost rings were for farming. Robots could be built to do all the dangerous, dirty jobs and heavy lifting. Robots even could do the assembly of buildings and the city itself. People were freed to do the work they wanted, each contributing.

The guy's 91-plus and he stood and talked for an hour. He indicated that our current model is one where corporations hold sway. And that, at their core, corporations are fascistic. "Who votes? Nobody. The CEO decides." He said, governments, whether commie or fascistic, similarly, are all the same. At heart, these organizations are faulty and corrupt with land stolen from the original people and a society geared toward war -- a process that makes some rich and the rest conscripted in their service.

True democracy, he said, results when We the People can decide. The people hear one leader speak. Another gives her or his side of the issue. A neutral nation debates and opines and decides. That's what democracy is all about -- people deciding. And people never decide for war. And we must stand up to those who would move us to war -- except when, as in World War II -- evil forces wanted to dominate and enslave the world and destroy all who opposed them.

[font color="blue"]Fresco said he sees no hope for the nation and planet unless people decide to stop today's fascists. [/font color]He said, to end war and survive, we must share resources. We must sustain and treat each life with dignity: food, water, education, political rights, etc. We have the resources to do it. And the resources we have can create an abundance -- not the shortages that we see all around under the current system.





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