Thursday, October 26, 2017

Caleb Maupin — Technology & The Marxism of Jack Ma

Technological innovation increases productivity, decreasing the need for human work and increasing the opportunity for leisure.

It's a distribution issue.

The problem is that under capitalism, gains are capitalized and losses are socialized.

Under socialism, gains are socialized and losses are minimized.

Who is going to win this race, those aiming at the top or those racing to the bottom?

Technology & The Marxism of Jack Ma
Caleb Maupin

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