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Economic Collapse

Will Robots Cause Capitalism to Collapse?

In March the Socialist Party debated with Federico Pistono, the author of a book entitled Robots Will Steal Your Job, But That’s OK: How to Survive the Economic Collapse and Be Happy (reviewed in the March Socialist Standard). His argument is typical of many who think that the market-money-wages system we call capitalism is going to soon collapse as a result of the increasing pace of technological innovation leading to constantly growing mass unemployment. Peter Joseph, the founder of the Zeitgeist Movement, put it more dramatically in a TV interview the same month:

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