Tag Archives: Capitalism

What Will it Take for Humanity to Survive? (And Why is Trump Such a Complete Bellend?)

The first question is one we’ve considered from various angles over the years on this blog.  The second is, of course, timely – although the important emphasis here is on the ‘complete’.  As we’ll see, they’re very, very connected!

Trying to pursue a socialist argument in a world largely sold on capitalism is always a struggle.  You have to deal with every issue and answer every question in line with the rules of Monopoly, but you don’t want to play Monopoly: it’s a stupid game – there are far better ones – but no-one understands you – or wants to understand you – unless you do.

  • Q:  So, Jeremy, how will your policies ensure that the UK GDP continues to grow after Brexit?
  • A:  I don’t particularly care if it does. It’s a physical law that nothing can increase exponentially for ever: something goes ‘bang’ in the end. We need to look beyond economics for the real answers.

But, of course, if Jeremy says that, he gets carted off to a rest home.  So, instead, he has to pretend that he’s interested in GDP, and that taxing Starbucks will help it.  Well, it might or it might not – that’s close to irrelevant – but, already, we’re having to have the debate on their terms.

Continue reading


Fake News Had to Happen; But Why?

The following conversation, set in an executive boardroom – around ten years ago, may or may not have taken place …

  • Rupert: “G’Day Cobber. How’s it hangin’?” (You’ll have to imagine an appropriate accent.  Also imagine him sitting in a large black chair, stroking a white cat, if it helps.)
  • Bruce: “G’Day Boss. Bit of a bugger, tell the truth!” (Same accent; no cat)
  • Rupert: “Whassa problem, Bruce?”
  • Bruce: “It’s this ‘social media’, Boss. I dunno what we’re going to do with it.”
  • Rupert: “No worries, Bruce. I’m the most important man in the world. I can do anything to anything. What do I need to do to this ‘Media’ drongo? (Where’d he get a funny name like that?) And just what makes him such a sociable figjam, anyway? (Burp) I’m the cultured one around here. (Fart) Just ask Bushie and Blarie: they always said so.”
  • Bruce: “It’s not a fella, Boss; it’s a thing. Like Facebook and Twitter and stuff like that?”
  • Rupert: “Why should I be worried about that crap? Doesn’t make me any money.”

Continue reading


Technocapitalism

We could be well-advised to take note of this word.  We may be hearing a lot more of it …

Actually, in truth, we’ve already used it a few times before in this blog but perhaps now might be a good time to have a closer look at what it is and what it might mean?

Technocapitalism1

It’s always dodgy making claims like this but the term technocapitalism was probably effectively coined by Professor Luis Suarez-Villa in Technocapitalism: A Critical Perspective on Technological Innovation and Corporatism (2009) and developed further in Globalization and Technocapitalism: The Political Economy of Corporate Power and Technological Domination (2012).  [Yes, it may have been used before this, but it gets very hard to track these things down accurately.]

Continue reading


‘Will the Robots Take Our Jobs?’ Isn’t Really the Important Question

Professor Stephen Hawking provoked considerable debate recently by suggesting that we could have more to fear from the nature of capitalism in future than armies of intelligent robots.  The response was immediate, robust, deeply personal and entirely predictable.

The basic premise of the discussion was Hawking noting that, if most of the work of a future society was performed by machines, then how we occupied ourselves instead was much more of a social, political, economic, ethical, demographic, etc. question than it was technological.  The rebuttal was essentially:

  1. That’s silly: the old jobs will be replaced by new ones,
  2. Please don’t say nasty things about capitalism,
  3. Scientists should stick to science.

Work3

So how much of this criticism was justified and how much of it was simply The Establishment closing ranks?

Continue reading