Postcapitalism: A primer (nonfiction)

Postcapitalism is possible because of three major changes information technology has brought about in the past 25 years. First, it has reduced the need for work, blurred the edges between work and free time and loosened the relationship between work and wages. The coming wave of automation, currently stalled because our social infrastructure cannot bear the consequences, will hugely diminish the amount of work needed – not just to subsist but to provide a decent life for all.

Second, information is corroding the market’s ability to form prices correctly. That is because markets are based on scarcity while information is abundant. The system’s defence mechanism is to form monopolies – the giant tech companies – on a scale not seen in the past 200 years, yet they cannot last. By building business models and share valuations based on the capture and privatisation of all socially produced information, such firms are constructing a fragile corporate edifice at odds with the most basic need of humanity, which is to use ideas freely.

Third, we’re seeing the spontaneous rise of collaborative production: goods, services and organisations are appearing that no longer respond to the dictates of the market and the managerial hierarchy. The biggest information product in the world – Wikipedia – is made by volunteers for free, abolishing the encyclopedia business and depriving the advertising industry of an estimated $3bn a year in revenue.

http://www.paulmasonnews.com/
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Comments Showing 1-5 of 5 (5 new)

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message 1: by Radiantflux (new)

Radiantflux What a great list! Thanks for posting.


message 2: by Lazarus (new)

Lazarus P Badpenny Esq Radiantflux wrote: "What a great list! Thanks for posting."

And thank you. Having been fascinated by the ideas in Paul Mason's book I wanted something of a core-text primer for where the world might be (and how we might best get there) in the not too distant future...

Additional suggestions always welcome.


message 3: by Radiantflux (new)

Radiantflux I haven't read Mason's book yet. It's on my pile to do.

I am enjoying reading The Industries of the Future by Alec Ross at the moment.


message 4: by Brian (new)

Brian Stout Great list, thanks! I would add Monbiot's latest (https://www.goodreads.com/book/show/3...) as well.


message 5: by Lazarus (new)

Lazarus P Badpenny Esq Brian wrote: "Great list, thanks! I would add Monbiot's latest (https://www.goodreads.com/book/show/3...) as well."

Excellent suggestion - feel free to add it along with anything you think fits the bill...


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