Postcapitalism for Martians
Paul Mason
7811

An interesting thread of ideas, but they do not form a fabric.

First, the labor theory of value is still broken bc it’s one sided, on cost (thereby ignoring the impact of demand on values in markets or our minds)

Second, I suggest you use time as a parallel currency to money, since it can be “traded” as easily as money for goods of different value.

Third (and this is a default comment), neoliberalism means nothing outside the frame of politics and corruption. If you’re worried about crony-capitalism (instead of real capitalism), then you must consider politics.

Finally, capitalism wrt physical goods is not going away. It will continue and grow more important, given that the free info economy will feed more value into the world. Where will that value be captured? In the rents to capital, the scarce resource.

Like what you read? Give David Zetland a round of applause.

From a quick cheer to a standing ovation, clap to show how much you enjoyed this story.