manufacturing

Between Robots and Cryptocurrency

We recently published online an article from the December issue of Prometeo In Absorbing Science and Technology, Capital is Digging its Own Grave which sought to show how the heralded brave new world of technological development actually spells increasing woes for capitalism rather than its relief from crisis. Some news on both automation and cryptocurrency adds to our analysis.

In Absorbing Science and Technology, Capital is Digging its Own Grave

Capitalism is now undergoing a technological and scientific modernisation that is becoming a bomb ready to blow up the whole system. Humanity finds itself swept along in a vortex of technological innovations and automation.

The Political Nature of the Fourth Industrial Revolution

Mechanisation and automation have been called the Fourth Industrial Revolution. But these are not inevitable or neutral economic realities. They are political weapons of oppression under capitalism. It is a war against the working classes to increase profits. It is no an accident that bosses choose to mechanise and automate in the context of the massive crisis of capitalism.