The Future of Capitalism
Level: beginnerPaul Mason | The RSA, 2015
Paul Mason presents the main arguments of his book PostCapitalism. First, he argues that capitalism runs out of its capability to adapt to crises and second states that information technology challenges the capitalist system. In a nutshell, he argues that a society which fully exploits information technologies can't include concepts such as intellectual property, free market or private ownership. This has far-reaching consequences for the organisation of wages and work. The talk stops at minute 37.30.
capitalism credit crisis free market information technology innovation intellectual property knowledge labour monopoly neoliberalism post-capitalism wages