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75

Red Innovation

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Smith, T. (2015). Red Innovation. Jacobin, 17, pp. 75-82

78

The destructive effects examined above are not necessary features of technological change; they are necessary features of technological change in capitalism. Overcoming them requires overcoming capitalism, even if we only have a provisional sense of what that might mean.

The pernicious tendencies associated with technological change in capitalist workplaces are rooted in a structure where managers are agents of the owners of the firm’s assets, with a fiduciary duty to further their private interests. But a society’s means of production are not goods for personal consumption, like a toothbrush. The material reproduction of society is an inherently public matter, as the technological development of capitalism itself, resting on public funds, confirms. Capital markets, where private claims to productive resources are bought and sold, treat public power as if it were just another item for personal use. They can, and should, be totally done away with.

basically my dissertation lol

—p.78 by Tony Smith 7 years, 1 month ago

The destructive effects examined above are not necessary features of technological change; they are necessary features of technological change in capitalism. Overcoming them requires overcoming capitalism, even if we only have a provisional sense of what that might mean.

The pernicious tendencies associated with technological change in capitalist workplaces are rooted in a structure where managers are agents of the owners of the firm’s assets, with a fiduciary duty to further their private interests. But a society’s means of production are not goods for personal consumption, like a toothbrush. The material reproduction of society is an inherently public matter, as the technological development of capitalism itself, resting on public funds, confirms. Capital markets, where private claims to productive resources are bought and sold, treat public power as if it were just another item for personal use. They can, and should, be totally done away with.

basically my dissertation lol

—p.78 by Tony Smith 7 years, 1 month ago