Well Grubbed, Old Mole! open source and the undermining of capitalism - - PowerPoint PPT Presentation

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Well Grubbed, Old Mole! open source and the undermining of capitalism - - PowerPoint PPT Presentation

Apr 15, 2023 255 likes •1k views

Well Grubbed, Old Mole! open source and the undermining of capitalism Maurice Naftalin Wadlerfest, Edinburgh, 12 April 2016 Why This Talk? Why This Talk? Were Living in the Future Were Living in the Future PostCapitalism - a

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Well Grubbed, Old Mole!

  • pen source and the undermining of capitalism


Maurice Naftalin Wadlerfest, Edinburgh, 12 April 2016

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Why This Talk?

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Why This Talk?

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We’re Living in the Future

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We’re Living in the Future

  • PostCapitalism - a Guide to Our Future, Paul Mason
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We’re Living in the Future

  • PostCapitalism - a Guide to Our Future, Paul Mason
  • Wide-ranging economic and technological analysis
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SLIDE 7

We’re Living in the Future

  • PostCapitalism - a Guide to Our Future, Paul Mason
  • Wide-ranging economic and technological analysis
  • My summary:
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SLIDE 8

We’re Living in the Future

  • PostCapitalism - a Guide to Our Future, Paul Mason
  • Wide-ranging economic and technological analysis
  • My summary:
  • 4½ Long Waves
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We’re Living in the Future

  • PostCapitalism - a Guide to Our Future, Paul Mason
  • Wide-ranging economic and technological analysis
  • My summary:
  • 4½ Long Waves
  • Info-Capitalism
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We’re Living in the Future

  • PostCapitalism - a Guide to Our Future, Paul Mason
  • Wide-ranging economic and technological analysis
  • My summary:
  • 4½ Long Waves
  • Info-Capitalism
  • Where Are We Going?
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“Old Mole”?

Karl Marx, The Eighteenth Brumaire 


  • f Louis Napoleon (1851)

Europe will leap from its seat and exultantly exclaim: ‘Well grubbed, old mole!’

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4½ Long Waves

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4½ Long Waves

Capital builds up

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4½ Long Waves

Capital builds up And invests in innovation

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4½ Long Waves

Capital builds up And invests in innovation Productivity can’t keep pace

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4½ Long Waves

Capital builds up And invests in innovation Productivity can’t keep pace Crisis: real wages fall

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4½ Long Waves

Capital builds up And invests in innovation Productivity can’t keep pace Crisis: real wages fall Resistance stimulates innovation

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The Stalled Fifth Wave

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The Stalled Fifth Wave

  • As the fourth wave ended:
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The Stalled Fifth Wave

  • As the fourth wave ended:
  • falling profitability
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The Stalled Fifth Wave

  • As the fourth wave ended:
  • falling profitability
  • end of Bretton Woods, gold standard
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The Stalled Fifth Wave

  • As the fourth wave ended:
  • falling profitability
  • end of Bretton Woods, gold standard
  • competitive inflation
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The Stalled Fifth Wave

  • As the fourth wave ended:
  • falling profitability
  • end of Bretton Woods, gold standard
  • competitive inflation
  • state benefits replacing wages
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The Stalled Fifth Wave

  • As the fourth wave ended:
  • falling profitability
  • end of Bretton Woods, gold standard
  • competitive inflation
  • state benefits replacing wages
  • Enter…
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The Stalled Fifth Wave

  • As the fourth wave ended:
  • falling profitability
  • end of Bretton Woods, gold standard
  • competitive inflation
  • state benefits replacing wages
  • Enter… Neoliberalism
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Neoliberalism’s central project:

The Stalled Fifth Wave

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Neoliberalism’s central project:

The Stalled Fifth Wave

To break the economic 
 strength of organised labour

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Neoliberalism’s central project:

The Stalled Fifth Wave

To break the economic 
 strength of organised labour

Has it worked?

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Neoliberalism’s central project:

The Stalled Fifth Wave

YES!!!
 
 deunionisation

To break the economic 
 strength of organised labour

Has it worked?

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Neoliberalism’s central project:

The Stalled Fifth Wave

YES!!!
 
 deunionisation wage stagnation

To break the economic 
 strength of organised labour

Has it worked?

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Neoliberalism’s central project:

The Stalled Fifth Wave

YES!!!
 
 deunionisation wage stagnation financialization

To break the economic 
 strength of organised labour

Has it worked?

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Neoliberalism’s central project:

The Stalled Fifth Wave

YES!!!
 
 deunionisation wage stagnation financialization social atomisation

To break the economic 
 strength of organised labour

Has it worked?

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Neoliberalism’s central project:

The Stalled Fifth Wave

NO!!
 
 increased global inequality
 “weak” growth at least to 2060 assuming: huge migration – & hugely greater productivity YES!!!
 
 deunionisation wage stagnation financialization social atomisation

To break the economic 
 strength of organised labour

Has it worked?

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OECD Expectations

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But We Have Innovation!

…don’t we?

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But We Have Innovation!

…don’t we?

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But We Have Innovation!

…don’t we?

1947–rate growth

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But We Have Innovation!

…don’t we?

1947–rate growth actual
 growth

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But We Have Innovation!

…don’t we?

1947–rate growth actual
 growth 35% gap

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But We Have Innovation!

And Britain is far, far worse!

…don’t we?

1947–rate growth actual
 growth 35% gap

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Where’s the Productivity?

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Where’s the Productivity?

  • 1. We’re stuck in a low-wage economy!
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Where’s the Productivity?

  • 1. We’re stuck in a low-wage economy!
  • 2. New technologies are information-based
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Where’s the Productivity?

  • 1. We’re stuck in a low-wage economy!
  • 2. New technologies are information-based
  • increasing proportion of the value of

the most important goods and services

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Where’s the Productivity?

  • 1. We’re stuck in a low-wage economy!
  • 2. New technologies are information-based
  • increasing proportion of the value of

the most important goods and services

  • information has no marginal cost of

production

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Where’s the Productivity?

  • 1. We’re stuck in a low-wage economy!
  • 2. New technologies are information-based
  • increasing proportion of the value of

the most important goods and services

  • information has no marginal cost of

production

  • can’t be valued by classical economics
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Was Marx Right After All?

“If machinery lasted for ever, if it did not itself consist of transitory material which must be reproduced… it would blow sky-high the system based on labour values.”

Fragment on Machines (1858)

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Info-Capitalism Now

  • Information price sustained artificially – monopolies, DRM
  • Market forces pushed into new areas (social relationships,

personal micro-services, financialization)

  • Zero-hours contracts, portfolio careers – The Precariat
  • Unprecedented and growing inequality
  • Atomised society

Neoliberalism + Information Technology = 
 “Info-Capitalism”

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Info-Capitalism – the Future

Unprecedented systemic crises:

  • climatic
  • demographic
  • financial

The Case for Rational Panic

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Is There An Alternative?

Systemic crises to late feudalism:

  • Black Death, rise of banking, pillaging of


Americas, printing press Capitalism grew up inside feudalism

  • Could we help shape something analogous?
  • Our goals:
  • Sustainability
  • Material wellbeing
  • Reduced/meaningful work
  • Reintegrated society
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Herb Simon – Organisations and Markets (1991)

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Herb Simon – Organisations and Markets (1991)

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Herb Simon – Organisations and Markets (1991)

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Herb Simon – Organisations and Markets (1991)

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Herb Simon – Organisations and Markets (1991)

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Herb Simon – Organisations and Markets (1991)

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Herb Simon – Organisations and Markets (1991)

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Herb Simon – Organisations and Markets (1991)

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Herb Simon – Organisations and Markets (1991)

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Herb Simon – Organisations and Markets (1991)

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Herb Simon – Organisations and Markets (1991)

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Herb Simon – Organisations and Markets (1991)

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Herb Simon – Organisations and Markets (1991)

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Notes Towards a Transition

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Notes Towards a Transition


 Model the world of relationships

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Notes Towards a Transition


 Model the world of relationships 
 Break up monopolies

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Notes Towards a Transition


 Model the world of relationships 
 Break up monopolies 
 Socialize the finance system

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Notes Towards a Transition


 Model the world of relationships 
 Break up monopolies




Introduce a

Universal
 Basic Income


 Socialize the finance system

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Liberating the 1%

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Liberating the 1%

“They may not welcome it, but they’ll be happier in a better world”

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Liberating the 1%

“They may not welcome it, but they’ll be happier in a better world”

There is good news.
 The 99% are coming to your rescue.
 Postcapitalism will set you free.