by Maximilian Kasy · 15 Jan 2025 · 209pp · 63,332 words
by control over the resources that are required for building AI. I call these resources the means of prediction in reference to Marx’s term means of production, which designates all the resources (capital, land, etc.) that enter the production process. There are four main types of resources, or means of prediction, that
by John Fabian Witt · 14 Oct 2025 · 735pp · 279,360 words
the end, the “ethics of the IWW,” as Flynn saw it, approved “any and all means” that would advance the revolutionary project of seizing the means of production. Echoing Haywood and St. John at the Commission on Industrial Relations, Flynn adopted the position that the only test of a tactic’s righteousness was
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contended that his motive in organizing for the Wobblies had always been “to get eight hours and more pork chops,” not to support overturning the means of production.82 IWW publications suddenly stopped advocating sabotage. Gone were images of the black cat and wooden shoes that had long been symbols of the saboteur
by Paul Kingsnorth · 23 Sep 2025 · 388pp · 110,920 words
Machine-fuelled culture of inversion changes all of our parameters. This is a time in which the pertinent questions are not ‘Who should own the means of production?’ or ‘Should we privatise the health service?’ They are ‘What is a woman?’, ‘Where should we implant the microchips?’, ‘How quickly can we get this
by Tim Wu · 4 Nov 2025 · 246pp · 65,143 words
Internet’s ruling class. But this is an illusion—they need to work for every dollar, have limited economic security, and do not own the means of production, putting them in the same boat as the rest of us. Part II The Business of Herding In 2017, Scott Galloway, the popular podcaster and
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one dimension of economic freedom. There is also a keenly felt sense of autonomy that comes with some control or ownership over one’s own means of production, as petty and bourgeois as that may sound. I return to the position that the two programs are not incompatible. One can believe in a
by Fred Turner · 31 Aug 2006 · 339pp · 57,031 words
-line, and i did so myself until, at last, i began to see that i had commodified myself. . . . i created my interior thoughts as a means of production for the corporation that owned the board i was posting to, and that commodity was being sold to other commodity/consumer entities as entertainment.” Even
by Mark Walker · 29 Nov 2015
technology, not social reform. One of the consequences of the robotic BASIC INCOME GUARANTEE 17 and computer revolution is that the price of owning the means of production will fall dramatically. Our task will be to work out a vision for a society and an economy that does not depend on motivating people
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, even freer societies are possible: Marx thought that some forms of socialism and communism offered even more freedom. According to Marx, private ownership of the means of production permits capitalists to operate like vampires sucking time out of workers. The point may be illustrated with a simple example of two identical factories in
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feudal society. But, as intimated above, workers are not offered the choice of working for capitalists or adopting a socialized model of ownership of the means of production. FULLTIME CAPITALISM 45 Rather, the choice the average worker faces is to work for capitalists or starve. In other words, the Marxian analysis is that
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making any such judgments. 46 FREE MONEY FOR ALL Inverted Marxism: A Purer Form of Capitalism Marx makes two important claims: socializing ownership of the means of production would lead to increased freedom for workers, and capitalism is inherently unjustly coercive. Both claims have been challenged. A common response to the first claim
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is that workers would not be (or are not) freer under a socialized ownership of the means of production. Proponents of this view might point to the inefficiencies of socialist economies. Workers often have to work as many hours as their counterparts in capitalistic
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economies for less money, and so Marx was wrong to think that socialized ownership of the means of production would result in more freedom. The second claim, that capitalism is inherently unjustly coercive, has been challenged in two ways: it has been argued that
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private ownership of the means of production is coercive, but not unjustly so, and that the private ownership of the means of production is not coercive. For present proposes, we will follow suit with the critics of Marxism and reject both
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will accept, at least for the purposes of argument, that socialism will not lead to more freedom for workers, and that private ownership of the means of production is not unjustly coercive. What I want to suggest is that neither is sufficient to vindicate the contemporary version of capitalism. To show this, I
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to turn Marx’s argument on its head. We should consider what it would mean to privatize all the means of production. To see why it is plausible to think that not all the means of production have been privatized, we should attend to the fact that capitalism comes in degrees: countries can be more or
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. We will make the argument by analogy by first drawing some lessons about a publicly traded company, eBay. The eBay Analogy Paradigm cases of the “means of production” in Marx’s corpus are land and giant factories billowing smoke. These paradigms are, of course, a function of Marx’s time: they were some
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the tens of billions but, like many twenty-first-century companies, most of its value does not lie in the ownership of Marx’s archetypical means of production: billowing factories, large tracts of land, railways, shipping lines, and the like. Accountants make a distinction between tangible and intangible assets. Examples of tangible assets
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besides Marx’s archetypical means of production are things like office chairs, computers, vehicles, equipment, and so on. Intangible assets are sometimes referred to as “nonphysical” assets. In saying that they are
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. It is not too misleading to summarize this by saying that eBay sells a huge “market of trust” to its customers. So, eBay’s primary means of production is intangible: it is far more abstract than the factory billowing smoke. The temptation to call the goodwill eBay enjoys a nonphysical asset is easy
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of their hearts; rather, the point is to make a profit. Of course, in a capitalistic society, this is to be expected. They own the means of production and are entitled to make a profit if they are rewarded by the market. Now consider this thought experiment: eBay stock is bought from its
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BIG concedes anything to socialism. As we have said, the point of full-time capitalism is to extract a profit from ownership of all the means of production: the very essence of capitalism. The objection that full-time capitalism does not require work, that the Malibu surfer may enjoy the waves without working
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the future.10 So, a rich part-time capitalist could avoid all future higher transaction fees simply by refusing to generate any income using the means of production owned by U.$. Inc., just as one could stop using eBay if one felt the transaction fees were too high. Of course, the part-time
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Paris Hilton: lucky inheritors. I am not saying part-time capitalists will like this. We have shown how making a profit on the state’s means of production would be to the financial detriment of the wealthiest. As we have said, part-time capitalism works wonders for the rich. Nor am I saying
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start their own competing firm). To some, at least, this sounds vaguely similar to the lord/vassal arrangement where the vassal is tied to some means of production via contractual arrangement. By “economic policy,” we mean the societal norms that govern economic activity. A radical change in economic policy can result in a
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the Lockean argument actually constitutes a defense of capitalism. We noted above that capitalism is often conceived as the idea of private ownership of the means of production along with competitive markets. How are these two ideas connected? Perhaps somewhat surprisingly, in the Lockean tradition there is no direct connection between the right
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the mirror image of the rights-based defense, but so too are its weaknesses. Whereas the rights defense makes clear why private ownership of the means of production is justified, its defense of competitive markets is only indirect. While consequentialist competitive markets are justified directly in terms of their promotion of the aggregate
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good for society, private ownership of the means of production at best must be indirectly justified. Consequentialists typically take private ownership as a good instrument for building and maintaining competitive markets. On motivation, Smith famously
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. The second law is not as widely recognized; the law states that the capital-intensive means of production at one stage of technological development become consumer goods at another stage: Second Law of Production: with technological progress, the means of production transform from capital goods to consumer goods over time. To explain the second law, it
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will help to clarify terminology. The means of production (MOP), it will be recalled, refers to the tools, equipment, machinery, factories, and so
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another example of the second law. Once upon a time, printing was done at a printing shop or “printing factory.” Print shop proprietors owned the means of production: printing machines and photocopiers. Formerly, if you lost your dog and wanted to put up flyers featuring a picture of your best friend, you took
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, communists might claim victory since there is no longer exploitation of labor by the capitalist class. On the other, since everyone owns the means of production, capitalists can claim victory—the means of production were not seized by the proletariats, as Marx predicted. In the envisioned future, the working class is absorbed into the capitalist class
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, as everyone owns their own means of production. In which case, Marx is wrong: the means of production are not owned socially at the end of capitalism. Perhaps, in the spirit of diplomacy, we ought to consider it a tie
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any victory that the capitalist might enjoy is entirely pyrrhic. Recall that we said capitalism is the conjunction of two theses: private ownership of the means of production and free markets for the buying and selling of goods and services. In the nano future described, the free market for the material goods that
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radical equality of income. In the final chapter, I will address the question at the forefront of Marxist critiques of capitalism: workers should own the means of production. Jeffrey Thompson, Raising Revenue from High-Income Households: Should States Continue to Place the Lowest Tax Rates on Those with the Highest Incomes? (Political Economy
by Mark Bauerlein · 7 Sep 2011 · 407pp · 103,501 words
. All these subsequent revolutions, as different as they were, still had the core of Gutenberg economics: enormous investment costs. It’s expensive to own the means of production, whether it is a printing press or a TV tower, which makes novelty a fundamentally high-risk operation. If it’s expensive to own and
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manage the means of production or if it requires a staff, you’re in a world of Gutenberg economics. And wherever you have Gutenberg economics, whether you are a Venetian
by Astra Taylor · 4 Mar 2014 · 283pp · 85,824 words
and eliminated alienation in the workplace. “To some degree, Karl Marx had it partly right when he foresaw that the workers would someday control the means of production,” Florida declares. “This is now beginning to happen, although not as Marx thought it would, with the proletariat rising to take over factories. Rather, more
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workers than ever control the means of production, because it is inside their heads; they are the means of the production.”26 Welcome to what Florida calls the “information-and-idea-based economy
by Robert Skidelsky Nan Craig · 15 Mar 2020
were primarily using a handloom which was operated on a domestic basis up until after the Napoleonic wars; in other words, they still owned their means of production. Wages in weaving were very high, as it was a skilled craft. It was not until the early 1840s that the number of power looms
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way to a rising proletarian class of wageworker and housewife couples the family households adapted to the new situation. If they could not maintain their means of production, that is land, farmhouses, workshops, devices, they transformed into income- pooling households. This is not only true for India, but applies to global peripheries in
by Norton Reamer and Jesse Downing · 19 Feb 2016
by Elandria Williams, Eli Feghali, Rachel Plattus and Nathan Schneider · 15 Dec 2024 · 346pp · 84,111 words
run collectively by its workers for almost 20 years. Photo by Diego Torres Silvestre (CC BY 2.0). OVERVIEW Worker-led campaigns have seized the means of production, made decisions democratically, prevented unemployment, and revitalized communities in the process. RECUPERATION REFERS TO WHEN WORKERS TAKE control over their workplace and transform it into
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by Söderberg, Johan; Söderberg, Johan;
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