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95 points robtherobber | 1 comments | | HN request time: 0.341s | source
1. CrackerNews ◴[] No.45675908[source]
After reading this, it could be said that instead of work, we have abstracted it away. The capitalism of Marx dealt with the real work of productive factories. Neoliberal capitalism however outsourced work, and knowledge workers worked about work. The expertise remained for workers whose jobs were exported, making them overqualified. Instead of capitalism creating the conditions for socialism, capitalism creatively destroys the working class.

Human capital, prescribed as a solution, stops to matter. The logical conclusion is the decreasing population and falling birth rates. Perhaps, basic income could provide relief for those affected. I doubt it would be successful in the long run as capitalism adapts to maintain the exploitative framework of "work". Instead of the intent of individuals directing the flow of the economy, it is wrested back by the central business and economic planners. What happens next would be speculation.