Doug Henwood in Jacobin:
Paul Mason has a breathless piecein the Guardian making grand New Economy claims that sound like recycled propaganda from the late 1990s — though he gives them a left spin: post-materiality is already liberating us. I wrote a book that was in large part about all that ideological froth, published in 2003, and so far I’ve been struck by the non-revival of that discourse despite a new tech bubble. Uber and Snapchat don’t excite the same utopian passions that the initial massification of the web did.
I’ll pass on refuting Mason’s article, because I already did that twelve years ago. But I do want to comment on one point that Mason makes — one that’s ubiquitous in a lot of economic commentary today: capitalists don’t need workers anymore. As he puts it:
Postcapitalism is possible because of three major changes information technology has brought about in the past 25 years. First, it has reduced the need for work, blurred the edges between work and free time and loosened the relationship between work and wages. The coming wave of automation, currently stalled because our social infrastructure cannot bear the consequences, will hugely diminish the amount of work needed — not just to subsist but to provide a decent life for all.
I can’t make sense of the “currently stalled because our social infrastructure cannot bear the consequences” — has capitalism ever skipped an innovation because of its social consequences? — but there’s no evidence that info tech is “hugely diminish[ing] the amount of work needed.” Sure, wages and benefits stink, but that’s about politics and class power, not because of the latest generation of Intel chips or something fresh out of the latest TechCrunch Disrupt.
More here.