Automation Capitalism And The End Of The Middle Class

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Automation, Capitalism and the End of the Middle Class

Author : Jon-Arild Johannessen
Publisher : Routledge
ISBN 13 : 1000020347
Total Pages : 83 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Automation, Capitalism and the End of the Middle Class by : Jon-Arild Johannessen

Download or read book Automation, Capitalism and the End of the Middle Class written by Jon-Arild Johannessen and published by Routledge. This book was released on 2019-04-18 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, the author argues that a new form of capitalism is emerging at the threshold of the Fourth Industrial Revolution. He asserts that we are in the midst of a transition from democratic capitalism to feudal capitalism and highlights how robotization and innovation is leading to a social crisis for the middle classes as economic inequality is on the rise. Johannessen outlines the three elements – Balkanization, the Great Illusion, and the plutocracy – which are referred to here as feudal structures. He describes, analyzes, and discusses these elements both individually and in interaction with each other, and asks: "What structures and processes are promoting and boosting feudal capitalism?" Additionally, the book serves to generate knowledge about how the middle class will develop in the Fourth Industrial Revolution. It shows the various effects of robotization on the middle class, where middle class jobs are transformed, deconstructed, and re-constructed and new part-time jobs are created for the middle class. Given the interest in the Fourth Industrial Revolution, the book will appeal to students of economic sociology and political economy as well as those in innovation and knowledge management courses focusing upon the emerging innovation economy. The topic will attract policymakers, and the accessible and engaging tone will also make the book of interest to the general public.

Postcapitalism

Author : Paul Mason
Publisher : Macmillan
ISBN 13 : 0374235546
Total Pages : 369 pages
Book Rating : 4.3/5 (742 download)

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Book Synopsis Postcapitalism by : Paul Mason

Download or read book Postcapitalism written by Paul Mason and published by Macmillan. This book was released on 2016-02-09 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Originally published in 2015 by Allen Lane, an imprint of Penguin Random House, Great Britain"--Title page verso.

Inventing the Future

Author : Nick Srnicek
Publisher : Verso Books
ISBN 13 : 1784780987
Total Pages : 358 pages
Book Rating : 4.7/5 (847 download)

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Book Synopsis Inventing the Future by : Nick Srnicek

Download or read book Inventing the Future written by Nick Srnicek and published by Verso Books. This book was released on 2015-11-17 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: This major new manifesto offers a “clear and compelling vision of a postcapitalist society” and shows how left-wing politics can be rebuilt for the 21st century (Mark Fisher, author of Capitalist Realism) Neoliberalism isn’t working. Austerity is forcing millions into poverty and many more into precarious work, while the left remains trapped in stagnant political practices that offer no respite. Inventing the Future is a bold new manifesto for life after capitalism. Against the confused understanding of our high-tech world by both the right and the left, this book claims that the emancipatory and future-oriented possibilities of our society can be reclaimed. Instead of running from a complex future, Nick Srnicek and Alex Williams demand a postcapitalist economy capable of advancing standards, liberating humanity from work and developing technologies that expand our freedoms. This new edition includes a new chapter where they respond to their various critics.

Automation and the Future of Work

Author : Aaron Benanav
Publisher : Verso Books
ISBN 13 : 1839761326
Total Pages : 161 pages
Book Rating : 4.8/5 (397 download)

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Book Synopsis Automation and the Future of Work by : Aaron Benanav

Download or read book Automation and the Future of Work written by Aaron Benanav and published by Verso Books. This book was released on 2022-04-19 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: A consensus-shattering account of automation technologies and their effect on workplaces and the labor market In this consensus-shattering account of automation technologies, Aaron Benanav investigates the economic trends that will shape our working lives far into the future. Silicon Valley titans, politicians, techno-futurists, and social critics have united in arguing that we are on the cusp of an era of rapid technological automation, heralding the end of work as we know it. But does the muchdiscussed “rise of the robots” really explain the long-term decline in the demand for labor? Automation and the Future of Work uncovers the deep weaknesses of twenty-first-century capitalism and the reasons why the engine of economic growth keeps stalling. Equally important, Benanav goes on to salvage from automation discourse its utopian content: the positive vision of a world without work. What social movements, he asks, are required to propel us into post-scarcity if technological innovation alone can’t deliver it? In response to calls for a permanent universal basic income that would maintain a growing army of redundant workers, he offers a groundbreaking counterproposal.

Stakeholder Capitalism

Author : Klaus Schwab
Publisher : John Wiley & Sons
ISBN 13 : 1119756138
Total Pages : 311 pages
Book Rating : 4.1/5 (197 download)

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Book Synopsis Stakeholder Capitalism by : Klaus Schwab

Download or read book Stakeholder Capitalism written by Klaus Schwab and published by John Wiley & Sons. This book was released on 2021-01-27 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reimagining our global economy so it becomes more sustainable and prosperous for all Our global economic system is broken. But we can replace the current picture of global upheaval, unsustainability, and uncertainty with one of an economy that works for all people, and the planet. First, we must eliminate rising income inequality within societies where productivity and wage growth has slowed. Second, we must reduce the dampening effect of monopoly market power wielded by large corporations on innovation and productivity gains. And finally, the short-sighted exploitation of natural resources that is corroding the environment and affecting the lives of many for the worse must end. The debate over the causes of the broken economy—laissez-faire government, poorly managed globalization, the rise of technology in favor of the few, or yet another reason—is wide open. Stakeholder Capitalism: A Global Economy that Works for Progress, People and Planet argues convincingly that if we don't start with recognizing the true shape of our problems, our current system will continue to fail us. To help us see our challenges more clearly, Schwab—the Founder and Executive Chairman of the World Economic Forum—looks for the real causes of our system's shortcomings, and for solutions in best practices from around the world in places as diverse as China, Denmark, Ethiopia, Germany, Indonesia, New Zealand, and Singapore. And in doing so, Schwab finds emerging examples of new ways of doing things that provide grounds for hope, including: Individual agency: how countries and policies can make a difference against large external forces A clearly defined social contract: agreement on shared values and goals allows government, business, and individuals to produce the most optimal outcomes Planning for future generations: short-sighted presentism harms our shared future, and that of those yet to be born Better measures of economic success: move beyond a myopic focus on GDP to more complete, human-scaled measures of societal flourishing By accurately describing our real situation, Stakeholder Capitalism is able to pinpoint achievable ways to deal with our problems. Chapter by chapter, Professor Schwab shows us that there are ways for everyone at all levels of society to reshape the broken pieces of the global economy and—country by country, company by company, and citizen by citizen—glue them back together in a way that benefits us all.

Feudal Capitalism and the Innovation Economy

Author : Jon-Arild Johannessen
Publisher : Taylor & Francis
ISBN 13 : 1000886239
Total Pages : 281 pages
Book Rating : 4.0/5 (8 download)

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Book Synopsis Feudal Capitalism and the Innovation Economy by : Jon-Arild Johannessen

Download or read book Feudal Capitalism and the Innovation Economy written by Jon-Arild Johannessen and published by Taylor & Francis. This book was released on 2023-06-05 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: In feudal society, it was the few at the top who laid the ground for what was produced, how it was produced and how it was distributed. Freedom was restricted, and people were kept in their place by institutional structures. In capitalism, the focus is on free markets, free trade, and a personal freedom, where self-interest is assumed to lead to progress for the collective good. In today’s world, there is a move towards algorithmic capitalism at the micro-level, platform capitalism at the meso-level, and feudal capitalism at the macro-level. This is the new and innovative concept developed in this book. The author argues that feudal capitalism is distinct but linked to the innovation economy, and represents an interconnection between the organization of feudal society and central aspects of capitalism. Additionally, he asserts that the balance between feudal capitalism and a reinvented, sustainable capitalism based on the innovation economy, can help restore the moral compass lost in the evolution of global capitalism. The key argument of the book is that even if we see a development towards feudal capitalism, a more just and moral capitalism can be restored through various social mechanisms such as changes in the institutional framework, the development of a balanced form of globalization and re-establishing social cohesion and equality of opportunity. Further, the book offers policy interventions to support this idea. The book will find an audience among scholars and researchers of political economy, political theory, economic history, management, AI and ethics, philosophy and automation, inequality and equality of opportunity

Evil Geniuses

Author : Kurt Andersen
Publisher : Random House
ISBN 13 : 1984801341
Total Pages : 465 pages
Book Rating : 4.9/5 (848 download)

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Book Synopsis Evil Geniuses by : Kurt Andersen

Download or read book Evil Geniuses written by Kurt Andersen and published by Random House. This book was released on 2020-08-11 with total page 465 pages. Available in PDF, EPUB and Kindle. Book excerpt: NEW YORK TIMES BESTSELLER • When did America give up on fairness? The author of Fantasyland tells the epic history of how America decided that big business gets whatever it wants, only the rich get richer, and nothing should ever change—and charts a way back to the future. “Essential, absorbing . . . a graceful, authoritative guide . . . a radicalized moderate’s moderate case for radical change.”—The New York Times Book Review During the twentieth century, America managed to make its economic and social systems both more and more fair and more and more prosperous. A huge, secure, and contented middle class emerged. All boats rose together. But then the New Deal gave way to the Raw Deal. Beginning in the early 1970s, by means of a long war conceived of and executed by a confederacy of big business CEOs, the superrich, and right-wing zealots, the rules and norms that made the American middle class possible were undermined and dismantled. The clock was turned back on a century of economic progress, making greed good, workers powerless, and the market all-powerful while weaponizing nostalgia, lifting up an oligarchy that served only its own interests, and leaving the huge majority of Americans with dwindling economic prospects and hope. Why and how did America take such a wrong turn? In this deeply researched and brilliantly woven cultural, economic, and political chronicle, Kurt Andersen offers a fresh, provocative, and eye-opening history of America’s undoing, naming names, showing receipts, and unsparingly assigning blame—to the radical right in economics and the law, the high priests of high finance, a complacent and complicit Establishment, and liberal “useful idiots,” among whom he includes himself. Only a writer with Andersen’s crackling energy, deep insight, and ability to connect disparate dots and see complex systems with clarity could make such a book both intellectually formidable and vastly entertaining. And only a writer of Andersen’s vision could reckon with our current high-stakes inflection point, and show the way out of this man-made disaster.

Seventeen Contradictions and the End of Capitalism

Author : David Harvey
Publisher : Oxford University Press, USA
ISBN 13 : 019936026X
Total Pages : 354 pages
Book Rating : 4.1/5 (993 download)

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Book Synopsis Seventeen Contradictions and the End of Capitalism by : David Harvey

Download or read book Seventeen Contradictions and the End of Capitalism written by David Harvey and published by Oxford University Press, USA. This book was released on 2014 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: David Harvey examines the foundational contradictions of capital, and reveals the fatal contradictions that are now inexorably leading to its end

Saving Capitalism

Author : Robert B. Reich
Publisher : Vintage
ISBN 13 : 0385350589
Total Pages : 306 pages
Book Rating : 4.3/5 (853 download)

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Book Synopsis Saving Capitalism by : Robert B. Reich

Download or read book Saving Capitalism written by Robert B. Reich and published by Vintage. This book was released on 2015-09-29 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the author of Aftershock and The Work of Nations, his most important book to date—a myth-shattering breakdown of how the economic system that helped make America so strong is now failing us, and what it will take to fix it. Perhaps no one is better acquainted with the intersection of economics and politics than Robert B. Reich, and now he reveals how power and influence have created a new American oligarchy, a shrinking middle class, and the greatest income inequality and wealth disparity in eighty years. He makes clear how centrally problematic our veneration of the “free market” is, and how it has masked the power of moneyed interests to tilt the market to their benefit. Reich exposes the falsehoods that have been bolstered by the corruption of our democracy by huge corporations and the revolving door between Washington and Wall Street: that all workers are paid what they’re “worth,” that a higher minimum wage equals fewer jobs, and that corporations must serve shareholders before employees. He shows that the critical choices ahead are not about the size of government but about who government is for: that we must choose not between a free market and “big” government but between a market organized for broadly based prosperity and one designed to deliver the most gains to the top. Ever the pragmatist, ever the optimist, Reich sees hope for reversing our slide toward inequality and diminished opportunity when we shore up the countervailing power of everyone else. Passionate yet practical, sweeping yet exactingly argued, Saving Capitalism is a revelatory indictment of our economic status quo and an empowering call to civic action.

Artificial Intelligence, Automation and the Future of Competence at Work

Author : Jon-Arild Johannessen
Publisher : Routledge
ISBN 13 : 1000283569
Total Pages : 164 pages
Book Rating : 4.0/5 (2 download)

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Book Synopsis Artificial Intelligence, Automation and the Future of Competence at Work by : Jon-Arild Johannessen

Download or read book Artificial Intelligence, Automation and the Future of Competence at Work written by Jon-Arild Johannessen and published by Routledge. This book was released on 2020-12-07 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: Artificial intelligence and the autonomous robots of the Fourth Industrial Revolution will render certain jobs and competences obsolete but will also create new roles, which in turn require new sets of skills. They will also transform how we produce, distribute and consume, as well as how we think. Rather than a linear understanding of evolutionary processes, we will develop a more interactive and circular interpretation. This book offers a unique and holistic perspective on the future of work in the context of industry 4.0. It discusses the globalization of capital markets, how artificial intelligence can help organizations to be more competitive and the new role of leadership in this technological landscape. The author argues that there are four categories of competences, which will be required in order to maintain the relevance of human skills and expertise in the innovation economy. The new jobs that come into being will lend themselves to a particular set of skills. General competences will be necessary for roles involving the 4Cs of communication, creativity, collaboration and change. Specific or STEM competences will be called for across the science, technology, engineering and mathematics sectors. Human competences will lend themselves to positions comprising the SELC framework of social, emotional, leadership and cultural skills. Critical or REVE competences will be in demand for roles embracing reflection, ethics, values and the environment. The book provides a human-centric view of the current technological advancements of artificial intelligence and robotics and offers a positive outlook for human actors seeking continued relevance. It will appeal to scholars and students of the innovation economy, the knowledge society and the coming Fourth Industrial Revolution.

The Fourth Industrial Revolution

Author : Klaus Schwab
Publisher : Crown Currency
ISBN 13 : 1524758876
Total Pages : 194 pages
Book Rating : 4.5/5 (247 download)

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Book Synopsis The Fourth Industrial Revolution by : Klaus Schwab

Download or read book The Fourth Industrial Revolution written by Klaus Schwab and published by Crown Currency. This book was released on 2017-01-03 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolution, which will fundamentally alter how we live and work. Schwab argues that this revolution is different in scale, scope and complexity from any that have come before. Characterized by a range of new technologies that are fusing the physical, digital and biological worlds, the developments are affecting all disciplines, economies, industries and governments, and even challenging ideas about what it means to be human. Artificial intelligence is already all around us, from supercomputers, drones and virtual assistants to 3D printing, DNA sequencing, smart thermostats, wearable sensors and microchips smaller than a grain of sand. But this is just the beginning: nanomaterials 200 times stronger than steel and a million times thinner than a strand of hair and the first transplant of a 3D printed liver are already in development. Imagine “smart factories” in which global systems of manufacturing are coordinated virtually, or implantable mobile phones made of biosynthetic materials. The fourth industrial revolution, says Schwab, is more significant, and its ramifications more profound, than in any prior period of human history. He outlines the key technologies driving this revolution and discusses the major impacts expected on government, business, civil society and individuals. Schwab also offers bold ideas on how to harness these changes and shape a better future—one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them. We all have the opportunity to contribute to developing new frameworks that advance progress.

How Will Capitalism End?

Author : Wolfgang Streeck
Publisher : Verso Books
ISBN 13 : 1784784028
Total Pages : 348 pages
Book Rating : 4.7/5 (847 download)

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Book Synopsis How Will Capitalism End? by : Wolfgang Streeck

Download or read book How Will Capitalism End? written by Wolfgang Streeck and published by Verso Books. This book was released on 2016-11-01 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: The provocative political thinker asks if it will be with a bang or a whimper In How Will Capitalism End? the acclaimed analyst of contemporary politics and economics Wolfgang Streeck argues that capitalism is now in a critical condition. Growth is giving way to secular stagnation; inequality is leading to instability; and confidence in the capitalist money economy has all but evaporated. Capitalism’s shotgun marriage with democracy since 1945 is breaking up as the regulatory institutions restraining its advance have collapsed, and after the final victory of capitalism over its enemies no political agency capable of rebuilding them is in sight. The capitalist system is stricken with at least five worsening disorders for which no cure is at hand: declining growth, oligarchy, starvation of the public sphere, corruption and international anarchy. In this arresting book Wolfgang Streeck asks whether we are witnessing a long and painful period of cumulative decay: of intensifying frictions, of fragility and uncertainty, and of a steady succession of “normal accidents.”

Smart Machines and Service Work

Author : Jason E. Smith
Publisher : Reaktion Books
ISBN 13 : 1789143187
Total Pages : 161 pages
Book Rating : 4.7/5 (891 download)

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Book Synopsis Smart Machines and Service Work by : Jason E. Smith

Download or read book Smart Machines and Service Work written by Jason E. Smith and published by Reaktion Books. This book was released on 2020-12-23 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent decades digital devices have reshaped daily life, while tech companies’ stock prices have thrust them to the forefront of the business world. In this rapid, global development, the promise of a new machine age has been accompanied by worries about accelerated joblessness thanks to new forms of automation. Jason E. Smith looks behind the techno-hype to lay out the realities of a period of economic slowdown and expanding debt: low growth rates and an increase of labor-intensive jobs at the bottom of the service sector. He shows how increasing inequality and poor working conditions have led to new forms of workers’ struggles. Ours is less an age of automation, Smith contends, than one in which stagnation is intertwined with class conflict.

Does Capitalism Have a Future?

Author : Immanuel Maurice Wallerstein
Publisher : Oxford University Press
ISBN 13 : 0199330859
Total Pages : 199 pages
Book Rating : 4.1/5 (993 download)

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Book Synopsis Does Capitalism Have a Future? by : Immanuel Maurice Wallerstein

Download or read book Does Capitalism Have a Future? written by Immanuel Maurice Wallerstein and published by Oxford University Press. This book was released on 2013 with total page 199 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Does Capitalism Have a Future?, the prominent theorist Georgi Derleugian has gathered together a quintet of eminent macrosociologists to assess whether the capitalist system can survive.

Innovation, Automation and a Sustainable Economy

Author : Jon-Arild Johannessen
Publisher : Taylor & Francis
ISBN 13 : 1040008747
Total Pages : 155 pages
Book Rating : 4.0/5 (4 download)

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Book Synopsis Innovation, Automation and a Sustainable Economy by : Jon-Arild Johannessen

Download or read book Innovation, Automation and a Sustainable Economy written by Jon-Arild Johannessen and published by Taylor & Francis. This book was released on 2024-04-03 with total page 155 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic inequality, the environmental crisis and the climate crisis are systemically linked. Accordingly, they should be understood as a single, interconnected system and strategies for resolving them should be guided by this understanding. This book demonstrates how the Green New Deal and its systemic alternative, the Red New Deal, could influence the course of these three global crises, all within the context of the Fourth Industrial Revolution. The author has developed several scenarios that are relevant to the automation that will result from advances in artificial intelligence and intelligent robots. The first is one of mass unemployment, while the second envisages low rates of unemployment, although workers will experience stagnation and then a decline in their wages. It is possible to envisage a different set of scenarios; however, we must replace the capitalist economic model with a different model: mutualism, a sustainable model that would allow for economic growth while also addressing the three current systemic crises. The author argues that if such a model is implemented, there will be jobs for everyone and the climate crisis will be tackled because people’s welfare will be prioritized over profit. We can assert that such a model will foster the development of economic equality. The basic premise of this mutual and sustainable economic model is that sustainability is in everyone’s interests. The book employs not only established and innovative methods, such as literature reviews, scenario thinking and historical methods, to underpin its arguments, but also conceptual generalization as an intellectual tool to tackle the general research problem; thus, it will be an invaluable resource for scholars and students of sustainability and the innovation economy.

A Systemic Approach to Continuous Change in the Innovation Economy

Author : Jon-Arild Johannessen
Publisher : Routledge
ISBN 13 : 100057122X
Total Pages : 135 pages
Book Rating : 4.0/5 (5 download)

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Book Synopsis A Systemic Approach to Continuous Change in the Innovation Economy by : Jon-Arild Johannessen

Download or read book A Systemic Approach to Continuous Change in the Innovation Economy written by Jon-Arild Johannessen and published by Routledge. This book was released on 2022-04-19 with total page 135 pages. Available in PDF, EPUB and Kindle. Book excerpt: Unpredictable and unforeseen, or black swan, events are occurring increasingly often, one such recent example is the coronavirus crisis of 2020. The Fourth Industrial Revolution, with its growing use of artificial intelligence, intelligent robots, intelligent informats and intelligent algorithms, may help us to confront these incidents but only if we can avoid the sector optimization logic of some forms of economic thinking. This book offers a multi-faceted presentation of the application of systemic thinking in non-standard situations, especially those created by the fourth industrial revolution. It develops models and mini theories to promote systemic thinking at a time when cascades of innovations are entering the economy, while at the same time black swan events are occurring and disrupting social systems. It takes a critical look at how organizations and social systems have chosen to organize themselves to develop systems that prioritize high performance, by focusing on cost-cutting and maximizing profits, instead of on preparedness elasticity and resource slack. The consequences of this kind of organizational streamlining becomes evident only when the ‘black swans’ loom. The author discusses how individuals and society can develop the resilience needed to deal with these incidents. He asserts that there are three central social mechanisms that can help us understand how social systems work and how they are interconnected: time-lag, threshold value, and feedback. These three concepts can help us to understand how changes occur in non-linear systems; for instance, how small changes at the micro level can lead to large changes at the macro level. This book will be of interest to researchers, academics and students in the fields of economics, finance, business and industry.

Platform Capitalism

Author : Nick Srnicek
Publisher : John Wiley & Sons
ISBN 13 : 1509504885
Total Pages : 180 pages
Book Rating : 4.5/5 (95 download)

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Book Synopsis Platform Capitalism by : Nick Srnicek

Download or read book Platform Capitalism written by Nick Srnicek and published by John Wiley & Sons. This book was released on 2017-05-23 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: What unites Google and Facebook, Apple and Microsoft, Siemens and GE, Uber and Airbnb? Across a wide range of sectors, these firms are transforming themselves into platforms: businesses that provide the hardware and software foundation for others to operate on. This transformation signals a major shift in how capitalist firms operate and how they interact with the rest of the economy: the emergence of ‘platform capitalism’. This book critically examines these new business forms, tracing their genesis from the long downturn of the 1970s to the boom and bust of the 1990s and the aftershocks of the 2008 crisis. It shows how the fundamental foundations of the economy are rapidly being carved up among a small number of monopolistic platforms, and how the platform introduces new tendencies within capitalism that pose significant challenges to any vision of a post-capitalist future. This book will be essential reading for anyone who wants to understand how the most powerful tech companies of our time are transforming the global economy." Also available as an audiobook.