updated 3mo ago
Fully Automated Luxury Communism
Today it seems undeniable that Ford intuited how industries based on mass consumption, like the embryonic car industry, require ordinary people to enjoy leisure as much they endure work. That would explain why Ford also supported the eight-hour day and the five-day week, writing of the latter, in 1926, ‘It is high time to rid ourselves of the notio
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To the green movement of the twentieth century this is heretical. Yet it is they who, for too long, unwisely echoed the claim that ‘small is beautiful’ and that the only way to save our planet was to retreat from modernity itself. FALC rallies against that command, distinguishing consumption under fossil capitalism – with its commuting, ubiquitous
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If Fukuyama’s words were naive in 1992, then in the decade that followed the financial crisis of 2008 they became positively ridiculous. Indeed, he admitted as much in a book he published on identity in 2018.
from Fully Automated Luxury Communism by Aaron Bastani
Because behind such entreaties – whether from Erdoğan, Trump, Theresa May or the European Central Bank – is an esoteric caste of administrators that nobody else can quite understand. Their language of mathematical economics resembles the high Latin of Europe’s priests as they explained the nature of things to illiterate peasants who could never hop
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Keynes was an open critic of Marx despite also claiming to have never read him. And yet here one sees remarkable parallels between the two. For Marx, communism was a condition of abundance, a society where labour and leisure dissolved into each other, and where our natures were developed in a manner consistent with play. This was a world where scar
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In response to that admission, an assertion: any successful politics that seeks to submit the possibilities of the Third Disruption to the needs of people rather than profit must be populist. If not, it is certain to fail. Capitalist realism is simply too adaptable for a radical politics of management and technocracy, meaning any rupture must be un
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There is only one condition in which we can imagine managers not needing subordinates, and masters not needing slaves. This condition would be that each instrument could do its own work, at the word of command or by intelligent anticipation, like the statues of Daedalus or the tripods made by Hephaestus, of which Homer relates that ‘Of their own mo
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But besides those issues are challenges seemingly harder to overcome. In isolation each is historically significant, yet taken together they can be viewed as threats whose scale is civilisational, holding the potential to undermine the ability of capitalism to reproduce itself as a system based on infinite growth, production for profit and wage-lab
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Marx could not have been any clearer: competition compels capitalists to innovate in production. This leads to permanent experimentation with workflows and technologies, all in the pursuit of ever-greater efficiency. The logic of market demand means capitalists must produce goods and services as cheaply as they can, forcing them to constantly reduc
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Yet nearly 250 years after Smith wrote The Wealth of Nations, the publication most committed to defending his legacy was now uncertain whether one of the central premises of his thinking would endure for much longer. Such doubt resides at the very heart of what the Third Disruption means. If capital can become labour – if tools produced by humans c
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