| ID | 173994 |
| Title Proper | Postcapitalist Transition |
| Other Title Information | Policy Implications for the Left |
| Language | ENG |
| Author | Mason, Paul |
| Summary / Abstract (Note) | The postcapitalism thesis asserts that open source and collaborative non‐profit organisations represent a new, non‐market sector in which the profit motive and monetary exchange no longer drive economic activity; in Marxist political economy terms, they are a new means for suppressing the law of value. Information technology has produced four systemic dysfunctions, limiting capitalism’s ability to function as a complex adaptive system: the zero marginal cost effect, the tendency to delink work from wages, positive network effects, and information asymmetries. In response, in addition to the traditional remedies of social democracy for a stagnant neoliberal economic model, left parties must adopt a programme of transition: aggressively breaking up technological monopolies; promoting universal basic income and basic service solutions; outlawing rent‐seeking business models; and promoting data democracy. |
| `In' analytical Note | Political Quarterly Vol. 91, No.2; Apr-Jun 2020: p.287-298 |
| Journal Source | Political Quarterly 2020-06 91, 2 |
| Key Words | Social Democracy ; Marxism ; Value ; Postcapitalism ; Digital Transition |