Skip to main content

Varoufakis: IT technologies will overthrow Capitalism


The former Greek Minister of Finance, Yanis Varoufakis, ended his recent speech on the Future of Capitalism, at the New School, New York, with some interesting remarks.

As he said:

The world we live in, is increasingly rudderless, in a constant slow burning recession, while at the very same time, the increasing concentration in the IT sector is creating the new technologies that will do that which the Left has failed to do: overthrow Capitalism. It is really very simple.

The moment machines pass the Turing test properly, and you pick up the phone and you do not know whether the person you are talking to is a human being or a machine˙ the moment we are going to have 3D printers operating as public utilities - you can send any blueprint to it and it can print from one pin to a motorcycle, or to a car - the moment that this happens, we have not just a process of Schumpeterian creative destruction, but we have a process where economies of scale and the whole logic of corporate Capitalism collapses.

And at that point we have a major rapture that the political system which has been completely depleted of any semblance of Democracy, will not be able to regulate. At that point, humanity will be facing a juncture: will either move to a Star Trek-like Utopia, where technology becomes our slave and we manage to utilize its wealth creating capacity for the purpose of the common good, which will be democratically determined and not technologically, or, we are going to move towards a Matrix-like Dystopia where humans, independently on whether are the owners of these magnificent machines or the masses who are miserable and completely cut off productive society, will all become servants to the machines.

The choice will depend on Democratic politics. The choice is everyone's.


*****

The ruthless elites are now breaking the social contract due to hyper-automation. They own the corrupted politicians and are using them to deregulate the system completely, according to their interests. The Greek experiment could be used as a model for this process.

One dangerous illusion of the elites is that they can go away, as always in the past, in case of a massive, ugly collapse. But, if there will be any Revolution in the 21st century soon, it will be done by those who became statistical figures of poverty, unemployment, inequality and social exclusion by this brutal system. People with no hopes and dreams, no better future to seek, no class consciousness. People who have nothing to lose. It will be bad, chaotic, unpredictable and rather doubtful that someone could call it "Revolution".

Their other dangerous illusion, is that they think they can escape from what actually Varoufakis implies here, that in a completely deregulated system, where the political power will be vanished and all the processes will be determined exclusively by the power of technology, even the elites will eventually end to obey the extremely advanced, hyper-automated machines. This is the road to the Matrix Dystopia for everyone.

We can only hope that things will end differently towards the "Star Trek Utopia" that Varoufakis describes. As mentioned in previous article: “The thirst for more power and profit may drive the biggest companies into a new cycle of fierce competition. Furthermore, it may not be that easy for them to keep the monopoly of technology too long. Eventually the technology of hyper-automated machines will escape from the monopolies, and a new sequence of small-medium businesses will become active in the field. Soon, we could see a similar scenario to that of the computers and the internet. However, in this case the impact to the societies will be much more profound. If hyper-automated machines become more and more cheap and accessible to millions of households, it could seriously boost the quality of life for millions of people into unprecedented levels.

However, the odds are totally against this perspective, exactly because the elites are using their increasingly concentrated power to pull societies away from it. We all need to fight in order to change this balance. We need to bring back the political process at the center of all critical decisions which will determine our future. To use the technology for the benefit of all. Otherwise, 'The development of full artificial intelligence could spell the end of the human race.', as Stephen Hawking, among other scientists, already warned.

Watch the whole speech:


Related:

Comments

  1. World is not ruderless people get the goverment they deserve. How many of americans yelled yeah yeah while bombs payed by them were killing inocent children!! now who cares if their backs break if they approved wars with their money don't they deserve to be poor?

    ReplyDelete
  2. 80% of human beings are greedy idiots. That is why capitalism cannot be defeated.

    ReplyDelete
    Replies
    1. Even the greediest eventually has his fill. Capitalism is ending because we are automating work and trivializing access to whatever goods or services such work could be exchanged for. And this is hardly bad news Mehrdad - we may finally be rid of a primeval trade of apples for oranges.

      Delete

Post a Comment

Popular posts from this blog

Former CIA high-ranking official accidentally reveals the type of the false flag operation that the US imperialists will orchestrate to start a war with Iran

globinfo freexchange
In the following video, Jimmy Dore makes an analysis of an interview that the former CIA deputy director, Michael Morell, gave on CBS, regarding the recent developments after the assassination of the Iranian major general, Qasem Soleimani. 
Morell describes a probable scenario according to which the Iranians and their proxies could retaliate further. And therefore, this will naturally and eventually lead the US to start a war with Iran. As Morell points out:
                    Hopefully, that can de-escalate now, but that doesn't mean the covert war is over. [...] There are two things we need to think about here. One is, still, down the road, at some point, an assassination of a senior US official, somewhere in the world, could be months from now, to get revenge. And then, two, we still have to worry about those Iranian proxies. They may still attack US military bases ...

Note, that this interview was taken AFTER the Iranian retaliation through the missile att…

Μα καλά, δεν βρέθηκε ένας να του δείξει ως που μπορούν να φτάσουν οι Ιρανικοί πύραυλοι;

failed evolution
Οι φάπες πέφτουν σύννεφο και απ'ότι φαίνεται, στις όποιες διαπραγματεύσεις, η σημερινή κυβέρνηση παριστάνει τη γλάστρα, χωρίς να απαιτεί το παραμικρό.
Και σαν να μην έφταναν όλα αυτά, ο Κούλης έσπευσε να επικροτήσει την απαράδεκτη ενέργεια του Τραμπ να δώσει εντολή για τη δολοφονία του κορυφαίου Ιρανού στρατηγού, Κασέμ Σουλεϊμανί.  
Δυστυχώς, είχαμε και πάλι δίκιο. Η χώρα ήδη πληρώνει την απόλυτα ανεύθυνη στάση Μητσοτάκη, καθώς το Ιράν προέβη σε έντονο διάβημα διαμαρτυρίας, με τον Ιρανό πρέσβη να φέρεται να δηλώνει ότι «Ούτε άλλες χώρες της ευρωπαϊκής Ένωσης με τις οποίες έχουμε κακές σχέσεις δεν τοποθετήθηκαν έτσι». 
Όμως το Ιράν φαίνεται να προχώρησε παραπέρα, θέτοντας θέμα Αμερικανικών βάσεων στην Ελλάδα, στέλνοντας μια επιστολή στην Καθημερινή και αναφέροντας, μεταξύ άλλων: "Η Ισλαμική Δημοκρατία του Ιράν έχει δηλώσει ξεκάθαρα ότι σε περίπτωση επιβολής πολέμου κατά της χώρας από την Αμερική, η διάθεση βάσεων από οποιαδήποτε χώρα στον αμερικανικό εισβολέα …

Why the US imperialists will start a war with Iran right after the 2020 US presidential election

by system failure
Even before 2016 US presidential election we were arguing in this blog that Donald Trump is only the reserve of the establishment, a necessity solution. The first signs, right after his election, were indicating that we were right. Trump literally hired Goldman Sachs to run the economy and immediately authorized further tax-cuts for the super-rich, contrary to his pre-election rhetoric.
Then, things got even worse by hiring some of the most bloodthirsty neocons in key positions. Trump's 'anti-establishment' facade was rapidly collapsing as he was  starting to move towards the US deep state agenda. In fact, the only card left to play was that of his alleged 'anti-interventionism'. Yet, he succumbed further to the US pro-war cabal by bombing Syria, without even waiting to see some evidence about Assad's alleged chemical attacks against civilians. 
Beyond that, he continued Obama's awful legacy regarding the war in Yemen, by arming Saudis and…

US deep state scenarios on cancelling 2020 election: securing a war with Iran and marking the definite end of Democracy in America

globinfo freexchange
On January 14, the blog published an article about a potential oncoming war between the US and Iran. We estimated that it is unlikely the US deep state to start a war before the 2020 presidential election. Otherwise, as we wrote, the deep state would have to take the risk of some extreme solutions. Like, for example, an 'emergency situation' plan on the pretext of the war, in order to postpone the election and, at the same time, extent Trump's presidency. With all the chaos and the rising popular anger, the whole country would soon be getting into 'uncharted waters'.
Yet, it seems that such a scenario not only exists, but it was designed by an Israeli private company. And moreover, it appears that the company is deeply connected with the deep state and the Trump administration.

We found that MintPress News published an article, written by Whitney Webb, on the same day with our article above, giving the full details. As Webb reported: [most im…

Ex-US intel officer: Pompeo 'lying through his teeth' on Iran

The Grayzone
The Trump administration is imposing new sanctions on Iran and defying Iraq's call for a US troop withdrawal. This comes as the stated rationale for the US assassination of Qasem Soleimani and Abu Mahdi al-Muhandis is being undermined by its top officials' own statements. Scott Ritter, a former Marine Corps intelligence officer, analyzes the increased White House coercion efforts and collapsing intelligence claims.

Big tech firms are joining Trump’s all out war against Iran

Deleting messages of support for Iran may seem a petty, childish retaliation for opposing the Trump administration, but it has profound ramifications for freedom of access to information.
by Alan Macleod 
Silicon Valley giant Facebook announced Friday that it would be deleting all positive posts about recently assassinated Iranian general Qassem Soleimani on its platform and its subsidiary Instagram. The reason for this, it explained to CNN, was that the new U.S. sanctions made it illegal to promote any message supporting a person or group that the government describes as a terrorist organization. “We operate under U.S. sanctions laws, including those related to the U.S. government’s designation of the Iranian Revolutionary Guard Corps (IRGC) and its leadership,” a Facebook spokesperson said. 
Instagram had already closed Soleimani’s account in April last year, following Trump’s designation of the IRGC as a terrorist group. Following the news Friday, Twitter suspended Iranian Supreme L…

Bolivia’s free territory of Chapare has ousted the coup regime and is bracing for a bloody re-invasion

Spending time with the union members of Chapare, who run society in a collective fashion, offers special insights into the resistance to the coup. They succeeded in expelling the police, but now fear a bloodbath in retaliation.

by Ollie Vargas
Part 1

Known as Bolivia’s Chapare region, the Tropico of Cochabamba is a sanctuary for elected President Evo Morales’ most dedicated base of support. Since the November 10 coup, it has effectively become a self-governing territory where the military junta is absent.

The police and military were sent in full retreat from this area the coup began and were told they would only be welcomed back if the they “get on their knees and apologize” to the community.

In this 12,000 square kilometer swath of land, hundreds of unions have flourished over the years. I spent several days with the union rank and file, witnessing how they run society in a collective fashion, and how they have organized ferocious resistance to a right-wing coup government that threat…

Bernie Sanders on the assassination of General Soleimani: 'this is a dangerous escalation that brings us closer to another disastrous war in the Middle East'

Bernie Sanders
Bernie Sanders addresses Trump's dangerous escalation in the Middle East at Anamosa Town Hall.


Εξωτερική πολιτική για κλάματα: το Μητσοτακικό καθεστώς βάζει τη χώρα σε νέες περιπέτειες

globinfo freexchange

Πιστεύαμε ότι η κυβέρνηση Τσίπρα 'το είχε τερματίσει' όταν αποφάσισε (προφανώς μετά από έντονες Αμερικανικές πιέσεις) να προβεί στην ανήκουστη και απαράδεκτη ενέργεια να απελάσει τους τέσσερις Ρώσους διπλωμάτες. Το Μητσοτακικό καθεστώς όμως φαίνεται ότι έχει κάνει νέο ρεκόρ πλήρους υποταγής στους Αμερικανούς ιμπεριαλιστές, δίνοντας το τελειωτικό χτύπημα στην ευελιξία της εξωτερικής πολιτικής που θα έπρεπε να έχει, έτσι και αλλιώς, κάθε σοβαρή και ανεξάρτητη χώρα. 
Όμως η δήλωση Μητσοτάκη απλώς επιβεβαίωσε ότι η νεοφιλελεύθερη Μητσοτακική δεξιά, η χειρότερη που γνώρισε η χώρα μεταπολιτευτικά, είναι απόλυτα υπόδουλη στα Αμερικανικά συμφέροντα. Και τελικά, πως η ίδια η χώρα, είναι ένα Δυτικό προτεκτοράτο και μια κανονική αποικία (και όχι απλά αποικία χρέους).
Ο χειρότερος Μητσοτάκης όλων των εποχών αποφάσισε να επισκεφτεί τον Ντόναλντ Τραμπ για να κάνει το πιστό του 'ρομποτάκι', δηλώνοντας ουσιαστικά ότι επικροτεί την εγκληματική ενέργεια - πέρα από κ…

Iran leader vows 'harsh revenge' following assassination of Gen. Soleimani

In a statement on Friday, Ayatollah Khamenei said the “cruelest people on earth” assassinated the “honorable” commander who “courageously fought for years against the evils and bandits of the world.

His demise will not stop his mission, but the criminals who have the blood of General Soleimani and other martyrs of the Thursday night attack on their hands must await a harsh revenge, the Leader added.

Martyr Soleimani is an international figure of the Resistance, and all the devotees of Resistance are now his avengers,” Ayatollah Khamenei said.

"All the friends and foes must know that the path of Jihad of the Resistance will continue with double motivation, and a definite victory awaits those who fight in this auspicious path," the Leader said.

The demise of our selfless and dear general is bitter, but the continued fight and achievement of the final victory will make life bitterer for the murderers and criminals,” he added.

In his statement, the Leader also offered condo…