This commonplace is dedicated to our comrades at Jacobin.
Karl Marx supposed that industrialized capitalism would eventually result in the elimination of labor, Brian Domitrovic explains. “Thanks to capitalism, machines could soon do all useful work.” Without the need to labor, the working class would overthrow the corrupt capitalist class and establish an economy where everyone’s modest needs would be met by technology.
Peter Lawler suggests that Marx’s vision is coming all too true—in a way. Technology—the robots—are taking over more and more of our jobs. The value of labor is in steep decline. More and more, the industrious working class is left with nothing to do. It is not even controversial now to observe that industrial capitalism is overripe and getting rotten. This is the point at which the proletariat was supposed to seize control of the means of production.
Unfortunately for Marx, they show no likelihood of doing so. Continue reading Are we proving Marx right?