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OwlFancier posted:Well, that's the thing, the "revolution" as described by Marx & co is not necessarily murderous violent overthrow. In fact there's very little reason for that at all, an ideal form of it would be entirely bloodless because it is argued that the proletariat hold the true power, they just do not exercise it because they are not organized. Capital cannot function without Labour, so if Labour deigns to withdraw itself then Capital is powerless, because it doesn't actually do anything except tell everyone else how to live. The machinery is operated by the workers, the laws are enforced by the workers, the wars are fought by the workers. If everyone in the country said tomorrow "actually we won't be giving you any of our labour but we will keep coming to work and distributing the products of our labour as we see fit" then Capital would overnight become completely impotent. They only 'own' the machinery in the sense that they tell everyone else they own it, and Labour as a general rule will go along with this, they don't have the ability or the knowledge of how to actually use it. putting aside the Singularityesque/Pikettyesque increasing-substitution-of-labour-by-capital idea... a large chunk of capital is now stored in the form of "human capital" - the kind of capital that derives its value through improving the productivity of labour, is costly to invest in, and depreciates like any other capital, but unlike normal capital, is possessed by only one person and is hence inalienable and non-expropriable. In a typical developed country, assessing human capital stocks in the same way that physical capital stocks are estimated generally puts national human capital at higher than national physical capital stocks I underscore that this is true right now, and has been true of the developed world for a while already: a large share of the modern world's wealth is produced by means of production involving highly skilled individuals as a tiny share of the national labour force, rather than labour-intensive light industry. Automation serves to make a handful of engineers with 30+ years of educational investment in their personal human capital ever more productive, rather than making several hundred thousand semi-skilled individuals with high school education ever more productive. This is a good time to reflect upon this graph: ronya fucked around with this message at 03:51 on Dec 26, 2015 |
# ¿ Dec 26, 2015 03:43 |
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# ¿ May 9, 2024 11:39 |
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asdf32 posted:Capitalism sells to people with money and doesn't care who has the money. If small proportion of rich people have all the money then they're the consumers and that's fine from capitalism's perspective... This is indeed the mainstream assessment. Here is some decent 2012 discussion (from a heterodox perspective). FWIW I think the mainstream has it, and the underconsumption-trap thesis does not look pretty three years on.
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# ¿ Dec 26, 2015 03:49 |
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My point was on human capital, which makes a select group of people more relevant and the larger group of people less relevant, rather than automation per se. Capital is not built on full employment and constant growth; rather, the politics of developed welfare states are built on full employment and constant growth, as a legacy from the golden era of social democracy. If you consider the developing world, however, you can readily observe that neighbourhoods or even whole cities can exist at a developed-world quality of life (with a degree of social insurance for the relatively poor amongst the ingroup), with the rural and suburban poor outgroup existing at subsistence. That's crony capitalism red in tooth and claw, if you like.
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# ¿ Dec 26, 2015 04:07 |
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If you find it so unbelievable that a class identity can maintain an internally egalitarian ethic but nonetheless remain intensely hostile to any spread of this largesse to outsiders (who may mingle but not participate), consider the status quo attitude to economic migration in the West.
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# ¿ Dec 27, 2015 15:45 |