Unlike Marx, Keynes viewed capitalism as inevitably shifting to greater abundance, this resulting from its ability to become ever more productive over time while reducing the demand for labour. In Economic Possibilities his claim was that this would translate to a shorter working week, with improvements in productivity as technology progressed bene

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As with preceding disruptions, this shift represents a transformation in energy as much as work. Just as the First Disruption depended on the energy of domesticated animals, humans and the elements, and the Second was powered by the condensed solar energy of fossil fuels, the Third Disruption sees a move away from hydrocarbons and back to renewable

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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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In the summer of 1989, as it became clear the United States and its allies had won the Cold War, Francis Fukuyama wrote an essay titled ‘The End of History?’ for the National Interest. Its core proposition was provocative yet simple, with the little-known academic asserting that the collapse of the Soviet Union was of greater importance than simply

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For Drucker, knowledge and its application changed significantly with the arrival of the Industrial Revolution and capitalism, after which it went from being a private good to a public one, something applied to doing rather than being. With Watt’s steam engine and the new society it fostered, the meaning and the purpose of knowledge fundamentally c

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In 1984 the futurist Stewart Brand made the now-iconic declaration ‘Information wants to be free.’ He would later clarify what that meant, saying, On the one hand information wants to be expensive, because it’s so valuable. The right information in the right place just changes your life. On the other hand, information wants to be free, because the

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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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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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This condition presents arguably the most pressing crisis of all: an absence of collective imagination. It is as if all humanity has been afflicted by a psychological complex, capitalist realism making us believe the present world is stronger than our capacity to remake it – as if it were not our ancestors who created what stands before us now. As

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