The Revolution of Capitalist Relations Induced by the Technological Revolution of Electronics

Bruce E. Parry, null

doi:10.13169/worlrevipoliecon.9.2.0164

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World Review of Political Economy

Volume 9, Issue 2

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The Revolution of Capitalist Relations Induced by the Technological Revolution of Electronics

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Author(s): Bruce E. Parry

Publication date (Print): Summer 2018

Journal: World Review of Political Economy

Publisher: Pluto Journals

Keywords: dialectics, crisis, imperialism, globalization, financialization

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Abstract

Capitalism is in a dialectical leap to socialism, the next human stage. The laws of dialectical materialism and of historical materialism are examined. The scientific and technical revolution is examined. This revolution is creating a period of social revolution. Electronics is a labor-replacing technology, which destabilizes capitalism. Imperialism, globalization, and financialization are shown to be features of the current period, not stages of capitalism. The role of activists is outlined.

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Author and article information

Journal

Journal ID (doi): 10.13169

Journal ID (publisher-id): worlrevipoliecon

Title: World Review of Political Economy

Publisher: Pluto Journals

ISSN (Print): 2042891X

ISSN (Electronic): 20428928

Publication date (Print): Summer 2018

Volume: 9

Issue: 2

Pages: 164-187

Article

Publisher ID: worlrevipoliecon.9.2.0164

DOI: 10.13169/worlrevipoliecon.9.2.0164

SO-VID: 6ccbc710-3aff-4efc-84f0-926785b1a3da

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All content is freely available without charge to users or their institutions. Users are allowed to read, download, copy, distribute, print, search, or link to the full texts of the articles in this journal without asking prior permission of the publisher or the author. Articles published in the journal are distributed under a http://creativecommons.org/licenses/by/4.0/.

History

References

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Comments

Comment on this article

[1] Anievas, A. 2008. “Theories of a Global State: A Critique.” Historical Materialism 16 (2): 167–206.

[2] Arthur, W. B. 2017. “Where Is Technology Taking the Economy?” McKinsey Quarterly . Accessed February 7, 2018. https://www.mckinsey.com/business-functions/mckinsey-analytics/our-insights/where-is-technology-taking-the-economy.

[3] Brar, H. 1997. Imperialism: Decadent, Parasitic, Moribund Capitalism . London: Harpal Brar.

[4] Brar, H. 2007. Imperialism: The Eve of the Social Revolution of the Proletariat . London: Harpal Brar.

[5] Brar, H., and E. Rule. 2013. Imperialism and the Worst-Ever Crisis of Overproduction . London: Harpal Brar.

[6] Brynjolfsson, E., and A. McAfee. 2014. The Second Machine Age . New York: W.W. Norton.

[7] Callinicos, A. 2014. Deciphering Capital . London: Bookmarks Publications.

[8] Castells, M. 1996. The Information Age , vol. 1. Malden, MA: Blackwell Publishers.

[9] Castells, M. 1997. The Information Age , vol. 2. Malden, MA: Blackwell Publishers.

[10] Castells, M. 1998. The Information Age , vol. 3. Malden, MA: Blackwell Publishers.

[11] Chan, K. 2015. “Automation Sweeps China's Factory Floors.” Shanghai Daily , September 26, p. 11.

[12] Chui, M., J. Manyika, and M. Miremadi. 2016. “Where Machines Could Replace Humans—And Where They Can't (Yet).” McKinsey Quarterly . Accessed February 7, 2018. https://www.mckinsey.com/business-functions/digital-mckinsey/our-insights/where-machines-could-replace-humans-and-where-they-cant-yet.

[13] Dicken, P. 2015. Global Shift . 7th ed. New York: The Guilford Press.

[14] Edin, K. J., and H. L. Shaefer. 2015. $2.00 a Day: Living on Almost Nothing in America . Boston, MA: Houghton Mifflin Harcourt.

[15] Forbes . 2015. “Forbes Billionaires.” Accessed February 7, 2018. https://www.forbes.com/sites/chasewithorn/2015/03/02/forbes-billionaires-full-list-of-the-500-richest-people-in-the-world-2015/#7cc2b2d345b9.

[16] Ford, M. 2015. Rise of the Robots . New York: Basic Books.

[17] Fortune . 2017. “The Fortune 500.” Accessed February 7, 2018. http://beta.fortune.com/fortune500/list.

[18] Frey, C. B., and M. A. Osborne. 2013. “The Future of Employment: How Susceptible Are Jobs to Computerization?” Accessed February 7, 2018. https://www.oxfordmartin.ox.ac.uk/downloads/academic/The_Future_of_Employment.pdf.

[19] Harris, J. 2016. Global Capitalism and the Crisis of Democracy . Atlanta: Clarity Press.

[20] Harvey, D. 2003. The New Imperialism . Oxford: Oxford University Press.

[21] Hudson, M. 2015. Killing the Host . Petrol, CA: Counterpunch Books.

[22] Lapavitsas, C. 2009. “Financialized Capitalism: Crisis and Financial Expropriation.” Historical Materialism 17 (2): 114–148.

[23] Lapavitsas, C. 2013. Profiting without Producing . New York: Verso.

[24] Lenin, V. I. 1916. Imperialism and the Split in Socialism . Accessed February 7, 2018. https://www.marxists.org/archive/lenin/works/1916/oct/x01.htm.

[25] Lenin, V. I. (1917) 1977. “Imperialism: The Highest Stage of Capitalism.” In Lenin Selected Works , edited by V. I. Lenin, vol. 1, 634–731. Moscow: Progress Publishers.

[26] Longman, P. 2007. Best Care Anywhere . Sausalito, CA: PoliPointPress.

[27] Marx, K. (1859) 1970. A Contribution to the Critique of Political Economy . Moscow: Progress Publishers.

[28] Marx, K. 1974. Capital . New York: International Publishers.

[29] Nkrumah, K. 1966. Neo-colonialism, the Last Stage of Imperialism . New York: International Publishers.

[30] Oxfam International. 2017. “Just 8 Men Own the Same Wealth as Half the World.” Accessed February 7, 2018. https://www.oxfam.org/en/pressroom/pressreleases/2017-01-16/just-8-men-own-same-wealth-half-world.

[31] Parry, B. E., and L. Brody. 2008. “The Decline of the Proletariat and the Transformation of the Working Class.” Accessed February 7, 2018. https://independent.academia.edu/BruceParry.

[32] Peery, N. 1993. Entering an Epoch of Social Revolution . Chicago: Workers Press.

[33] Rifkin, J. 1995. The End of Work . New York: G. P. Putnam's Sons.

[34] Robinson, W. 2014. Global Capitalism and the Crisis of Humanity . New York: Cambridge University Press.

[35] Rodrik, D. 2015. “Premature Deindustrialization.” Working paper from John F. Kennedy School of Government, Harvard University. Accessed February 12, 2018. https://www.sss.ias.edu/files/papers/econpaper107.pdf.

[36] Schwab, K. 2016. The Fourth Industrial Revolution . Geneva: World Economic Forum.

[37] Shaikh, A. 2016. Capitalism: Competition, Conflict, Crises . Oxford: Oxford University Press.

[38] Smith, J. 2016. Imperialism in the Twenty-First Century, Globalization, Super-Exploitation and Capitalism's Final Crises . New York: Monthly Review Press.

[39] Toffler, A. 1980. The Third Wave . New York: Bantam Books.

[40] Wikipedia. 2017. “BlackRock.” Accessed February 7, 2018. https://en.wikipedia.org/wiki/BlackRock.

[41] Wood, E. M. 2003. Empire of Capital . New York: Verso.

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