The first wave of computerized automation caught trade unions flat-footed; already reeling from the Reagan-era attacks on labor, union leadership failed completely to come up with a coherent response to the automation of manufacturing industries (a notable exception was the longshoremans' union, which ensured that containerization led to massive pay raises and generous retirements for the workers whose work was largely eliminated by better shipping techniques). Read the rest

Umair Haque (previously) is on fire: If the Point of Capitalism is to Escape Capitalism, Then What’s the Point of Capitalism? "You can see it in stark, comic terms. What are Bezos and Musk doing? Trying to flee to Mars. What’s Gates doing? Recommending you books to read, and trying to save the world with charity. LOL — how ironic. These are different forms of freedom from capitalism. Maybe on Mars, we can build a better world. Maybe through ideas and philanthropy, we can solve the problems that corporations can’t. All the capitalists I see are trying to win freedom from capitalism, in one way or another. Aren’t they?" (via Kottke) Read the rest

Two competing (or, possibly, complementary?) proposals for resolving income inequality and the hole that four decades of demand-side Reaganomics has dug us into are Universal Basic Income and a federal jobs guarantee (the former being a kind of "venture capital for everyone" that provides enough money to live without having to work for an employer; and the latter being a guarantee of a good, meaningful job of social value in sectors like infrastructure, education and caring professions). Read the rest

From the late 1970s on, the Chicago School economists worked with the likes of Ronald Reagan, Margaret Thatcher, Augusto Pinochet and Brian Mulroney to dismantle antitrust enforcement, declaring that the only time government should intervene is when monopolists conspired to raise prices -- everything else was fair game. Read the rest

Feng Xiang is a prominent Chinese legal scholar with an appointment at Tsinghua University; in a new Washington Post editorial adapted from his recent speech at the Berggruen Institute’s China Center workshop on artificial intelligence in Beijing, he argues that capitalism is incompatible with AI. Read the rest

The late, lamented Scottish writer Iain Banks (previously) was several kinds of writer, but one of his main claims to fame is his role in developing the idea of fully automated luxury communism, in his beloved Culture novels, a series of wildly original space operas about a post-singularity, post-scarcity cooperative galactic civilization devoted to games, leisure, and artistic pursuits, populated by AIs, city-sized space cruisers, spy networks, and weird bureaucracies. Read the rest

The Getting to the Future First: How Britain can lead the Fourth Industrial Revolution report was created by Alan Mak, Conservative Member of Parliament for Havant, and it's a laughable compendium of trickle-down nonsense proposing that if all dividends from automation flow to capital, somehow everyone in the world will share in the benefits. Read the rest

Adam Greenfield's new book Radical Technologies: The Design of Everyday Life (previously) has scored an outstanding review from The Guardian's Steven Poole, who calls it "a landmark primer and spur to more informed and effective opposition" to "the pitiless libertarianism towards which all [Smart Cities] developments seem to lean." Read the rest