● Postcapitalism: A Guide to Our Future
By Paul Mason
Review via The Guardian
Mason, like Marx, believes that capitalism will collapse under the weight of its own internal contradictions. These include unsustainable levels of debt on the part of both individuals and nations (“2008 was the tremor in advance of the earthquake”). In addition, the rise of information technology will corrode market mechanisms, erode property rights and destroy the relationship between wages, property and work. All this, plus burgeoning inequality, the inevitability of climate change and continued population growth, will open up the possibility of a brave new world. The alternative, warns the author, is chaos.
Continue reading →