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Robotics and Labour

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:

Book Reviews: 'Bleakonomics', 'Robots Will Steal Your Job, But That's OK', 'Shelley at Oxford' & 'The Lovely Horrible Stuff'

Capitalisms diminishing returns

'Bleakonomics', by Rob Larson. (Pluto Press. 2012)

Larson has written an engaging polemic against free-market capitalism and its proponents, focusing on the role of ‘externalities’such as environmental destruction and the inadequate consideration of these by conventional economics.

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