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Coming to a job near you soon? Interestingly, there is push on the "far left" to completely automate and robotize, making wage workers obsolete.* These "futurologists" see this quantum leap in technological innovation and its scaled application as a "new mode of production" in the Marxist sense of making possible "new relations of production" based on treating technology as a public utility under public control and operated for public purpose rather than subject to private ownership. No Luddites allowed. MMT would suggest that this transition from private investment as the driver to public investment as entirely possible since the constraint is availability of real resources rather than finance. This also accords with R. Buckminster Fuller's vision of design science as doing
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Coming to a job near you soon? Interestingly, there is push on the "far left" to completely automate and robotize, making wage workers obsolete.* These "futurologists" see this quantum leap in technological innovation and its scaled application as a "new mode of production" in the Marxist sense of making possible "new relations of production" based on treating technology as a public utility under public control and operated for public purpose rather than subject to private ownership. No Luddites allowed. MMT would suggest that this transition from private investment as the driver to public investment as entirely possible since the constraint is availability of real resources rather than finance. This also accords with R. Buckminster Fuller's vision of design science as doing
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Mike Norman considers the following as important:
This could be interesting, too:
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Interestingly, there is push on the "far left" to completely automate and robotize, making wage workers obsolete.* These "futurologists" see this quantum leap in technological innovation and its scaled application as a "new mode of production" in the Marxist sense of making possible "new relations of production" based on treating technology as a public utility under public control and operated for public purpose rather than subject to private ownership. No Luddites allowed.
MMT would suggest that this transition from private investment as the driver to public investment as entirely possible since the constraint is availability of real resources rather than finance.
This also accords with R. Buckminster Fuller's vision of design science as doing more with less, his systems approach through the world game, and his view that while material resources may be finite, "metaphysical resources" (his words), that is, knowledge and know-how, are infinite in potential and only need to be developed through education in the broadest sense. While physical (biological) evolution underlies individual reproduction, psychic evolution underlies social reproduction.
RT
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* Aaron Bastani, Fully Automated Luxury Communism – A Manifesto (Verso). Short review here.