The ‘technological fix’ is different, with Marx consistently clear that technological innovation is an inherent feature of capitalism. His explanation, just as it would be for later voices such as Milton Friedman and Joseph Schumpeter, was that it was propelled by competition between capitalists. The imperative to compete means capitalists must always find cheaper, more efficient ways of producing commodities – often substituting machines for human labour – while also offering improvements on goods and services available to consumers.
