Boggles the mind! But truth prevails, for or against!
It is by now a truism that we live in an era of flux, with the number and frequency of pivotal years for global society (think 1989, 2007, 2011, 2015) increasing beyond our collective ability to make sense of them. It was therefore with great pleasure that we read an essay forwarded to us by a key associate that at least struggles to do exactly that: the former BBC economics correspondent Paul Mason’s The end of capitalism has begun (The Guardian, 17th July 2015).
Mason – who is regarded by some as the most iconic chronicler of the world’s continuing fiscal stupor – posits that capitalism is unravelling because of three interlinked factors: (i) the rise of information technology, which he claims is lessening the need for ‘work’ as conventionally understood; (ii) the subversion of scarce markets by abundant information; and (iii) the rise of collaborative production, a phenomenon which…
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