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alp227

(33,274 posts)
2. some helpful links
Fri Feb 7, 2014, 02:12 AM
Feb 2014

wikipedia Organic composition of capital:

The hypothetical final result of the rising OCC would be full automation of the production process, in which case labour-costs would be near-zero. This is argued to herald the end of capitalism's functioning as both a profit generating economic system for capitalists, and as a social system, among other things because the capitalist system does not contain a means for distributing incomes other than that based on labour-effort. However, it is also possible that automation of material production displaces labour into the services sector. Provided sufficient income exists to purchase services, a service economy can grow.


marxism ideology

According to Marx, when mechanization and automation increases, workers are less needed and therefore get lower wages. This leads to society being split into two "classes": the capitalists who own the factories with the machines, and the proletarians, who own nothing and become poorer and poorer. Obviously, this isn't a stable situation; eventually the proletarians become so poor that they have nothing to lose by inciting a revolution, and the system breaks down ("Der Grosse Kladderedatsch&quot .

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Don't know about Marx, Joe Shlabotnik Feb 2014 #1
some helpful links alp227 Feb 2014 #2
thanks nt Paolo123 Feb 2014 #3
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