We are surrounded by a plethora of new technology and automated processes. And yet, productivity growth is slowing and inequality is rising. It is clear that the system has broken. Adam Booth discusses the question of technology and innovation under capitalism, looking at how private property and production for profit have become an enormous barrier to society’s development.
We find ourselves today surrounded by a plethora of new technology, automated processes, and time-saving devices. And yet, at the same time, productivity growth is slowing, the economy is stagnating, and inequality is rising. It is clear that the system has broken.
In this recording from last year’s REVOLUTION! Marxist festival, Adam Booth – editor of www.socialist.net – discusses the question of technology, machinery, and innovation under capitalism, looking at how private property and production for profit have become an enormous barrier to society’s development.
