Capitalism's Fatal Flaw, and the Way Forward: Part 03: Marxian Theory Series. MARX and the AI Employment-Collapse Debate: Another Neglected Key Passage in Capital, volume III.

Tuesday, June 11, 2024

Part 03: Marxian Theory Series. MARX and the AI Employment-Collapse Debate: Another Neglected Key Passage in Capital, volume III.

Part 03: Marxian Theory Series.

MARX and

the AI Employment- Collapse Debate:

Another Neglected Key Passage

in Capital III.

GLOBAL STRATEGIC HYPOTHESES.

Dear Reader,

It is my pleasure, and my honor, as an elected member of the Foundation Encyclopedia Dialectica [F.E.D.] General Council, and as a voting member of F.E.D., to share, with you, from time to time, as they are approved for public release by the F.E.D. General Council, Encyclopedia Dialectica definitions ‘of the key terms of Seldonian Theory.

The 2nd text in this new such series is posted both above and below [Some E.D. standard edits have been applied, in the version presented below, by the editors of the F.E.D. Special Council for the Encyclopedia, to the direct transcript of our co-founder’s discourse].

Seldon –

“In the present season of debate regarding possible collapse of employment in formerly highly-skilled, highly-paid, and highly ‘value-able’ to capital job categories, due to the advent of advanced “Artificial Intelligence” automation, it might be well to remember what Marx had to say about such leaps upward in productivity/‘‘‘societal self-reproductive force’’’.”

“In Capital, volume III, in the finality of the very PART, CHAPTER and final section on the most crucial concept of Marx’s immanent critique of capitalism – Marx’s account of “The Law of the Tendency of the Rate of Profit to Fall”*, the following, tiny but telling sentence of prognostication jumps out –

“A development of the productive forces which would diminish the absolute number of workers, i.e., enable the entire nation to accomplish its total production in a shorter time-span [K.S.: i.e., with less total human labor-time], would cause a revolution, because it would put the bulk of the population out of the running.”

*[Capital, volume III; PART III, The Law of the Tendency of the Rate of Profit to Fall; CHAPTER XV, Exposition of the Internal Contradictions of the Law; Sec. IV Supplementary Remarks, page 263, New World Paperbacks edition, 1967].”

For more information regarding these Seldonian insights, please see --

www.dialectics.info

For partially pictographical, ‘poster-ized’ visualizations of many of these Seldonian insights -- specimens of ‘dialectical art’ – as well as dialectically-illustrated books published by the F.E.D. Press, see –