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> "The industrial revolution paved the way for exploitation without obligations. Can't do the work anymore? Well, say goodbye to a house since you can't pay ren
by bad_user 6y ago
> "The industrial revolution paved the way for exploitation without obligations. Can't do the work anymore? Well, say goodbye to a house since you can't pay rent, food because you don't have money, etc."
This was Marx's worry and reason for its theory of value.
It's not true. Capitalism goes hand in hand with the constant evolution of technology and the competition pressure that companies have, which leads to prices dropping all the time. Food prices have been dropping and I'm pretty sure agriculture will get so efficient that the price of basic food items will be free.
The only worrying thing nowadays, the only phenomenon that can disrupt this trend, are the IP laws (copyright, patents, trademark) that are essentially government-granted monopolies, allowing software companies to keep competition at bay and their prices high. But due to the evolution of technology, even software companies need to evolve and to drop the prices on their services, or they die. Maybe in the future this will stop being true, maybe there is a ceiling to what technology can do. But for now Marx's dystopian future isn't here yet.
Again, let us look at the results. In 2015 less than 10% of the world's population lived in extreme poverty, compared with over 90% in the 19th century.
- Thorentis 6y agoI agree that IP law needs an overhaul and I am not a fan of granting IP monopolies. I think the rapid change in poverty levels may actually be due to globalism and off shoring. If the most basic of jobs are now done by overseas workers or immigrants, suddenly the quality of life in countries that are beneficiaries of that work increases. Imported food, mass production of goods on a grand scale. Cheap Walmart products made in China that even people on the poverty line can afford. This would not be possible without globalism. You could argue that capitalism and globalism go hand in hand, but again, I don't think capitalism necessarily leads to globalism.