Posts Tagged ‘capitalism‘

Stephen Hawking says we should really be scared Of Capitalism, not Robots

When Stephen Hawking speaks, we listen to his bites of wisdom. In a Reddit Ask Me Anything session last week, the scientist predicted that economic inequality will skyrocket as more jobs become automated and the rich owners of machines refuse to share their fast-proliferating wealth. “If machines produce

What is the Servitude Bubble?

I’m going to call it a Servitude Bubble. For the simple reason that it is largely based on creating armies of servants. You can call them whatever buzzwords you like — “tech-enabled always-on super-hustling freelance personal brand capitalists”. But the truth is simpler. The stuff of the

Capitalism versus environment: can greed ever be green?

The fact that the now dominant capitalist economic system is unsustainable is not in doubt. It has contributed to the breaching of several ecological boundaries, in relation to climate change, biodiversity loss and nutrient enrichment. At the same time as damaging the natural systems that

Current economic system is headed for collapse says Jeremy Rifkin

The creation of the collaborative commons: From the ashes of the current economic system, he believes, will emerge a radical new model powered by the extraordinary pace of innovation in energy, communication and transport. “This is the first new economic system since the advent of

How Universal Basic Income is Necessary to Avoid a Robot Uprising

Robots are poised to eliminate millions of jobs over the coming decades. We have to address the coming epidemic of “technological unemployment” if we’re to avoid crippling levels of poverty and societal collapse. Here’s how a guaranteed basic income will help — and why it’s

Co-ops are the future of the American economy

Worker ownership and management aren’t cure-alls for America’s cancerous concentrations of wealth and political power. But they are viable ways to organize our economy so that those who do the work receive an increasing share, if not the full product, of their labor. This is

The Zero Marginal Cost Society and the End of GDP

  Global GDP has been growing at a declining rate since the Great Recession. While economists point to high energy costs, a decline in productivity, slower growth in the labor force, consumer and government debt, income inequality, and consumer aversion to spending, among other causes,