On a second front, a powerful new technology platform is developing out of the bowels of the Second Industrial Revolution, speeding the central contradiction of capitalist ideology to the end game mentioned above. The coming together of the Communications Internet with the fledgling Energy Internet and Logistics Internet in a seamless twenty-first-century intelligent infrastructure-the Internet of Things (IoT)-is giving rise to a Third Industrial Revolution. The Internet of Things is already boosting productivity to the point where the marginal cost of producing many goods and services is nearly zero, making them practically free. The result is corporate profits are beginning to dry up, property rights are weakening, and an economy based on scarcity is slowly giving way to an economy of abundance.
Jeremy RifkinRelated topics
above abundance beginning boosting capitalist central coming contradiction corporate cost developing end free front game giving goods ideology industrial logistics making marginal platform point productivity property result revolution rise second speeding technology third way weakening zero profits things internetRelated quotes
The evils of a military system, which, after all, every day must attenuate, are light compared with the evils of an anarchic conservatism reinstated in central Europe. Divided Germany means preponderating Russia. What can be more desirable in the interests of the highest civilisation than the interposition in the heart of the European state-system, of a powerful, industrious, intelligent, and progressive people, between the western nations and the half-barbarous Russian swarms? To the careful observer of the history of modern Europe it is plain that increasing vigour and self-conscious strength in Germany are other words for the spread eastwards of the best of those ideas, the most durable of those civilising elements, in which the difference of historic development has enabled England and France to anticipate her.
John Morley, 1st Viscount Morley of Blackburn
Big industry, freed from the pressure of private property, will undergo such an expansion that what we now see will seem as petty in comparison as manufacture seems when put beside the big industry of our own day. This development of industry will make available to society a sufficient mass of products to satisfy the needs of everyone. The same will be true of agriculture, which also suffers from the pressure of private property and is held back by the division of privately owned land into small parcels. Here, existing improvements and scientific procedures will be put into practice, with a resulting leap forward which will assure to society all the products it needs. In this way, such an abundance of goods will be able to satisfy the needs of all its members.
Friedrich Engels
The economic betterment of a nation which is at a low level of intelligence and culture, or in which the population is small in relation to the extent and productivity of its territory, is best accomplished through free trade with highly cultivated, rich, and industrious nations. In the case of such a country every restriction of trade, intended to plant manufacturing industry within its borders, is premature and injurious, not only to the welfare of mankind in general, but to the progress of the nation itself. Only when the intellectual, political, and economic education of the nation has so far advanced as a result of free trade that its further progress would be checked and hindered by the import of foreign manufactures and the lack of a sufficient market for its own goods, can protective measures be justified.
Friedrich List
With new technologies of surveillance, economies of scale overcome problems of cost. Since all their electronic communications can be accessed, it is no longer necessary to segregate the inmates from one another. As there is no outside world, escape becomes unimaginable. Technological progress has brought into being a system of surveillance more far-reaching than any Bentham could have conceived. Enclosing the entire population in a virtual Panopticon might seem the ultimate invasion of freedom. But universal confinement need not be experienced as a privation. If they know nothing else, most are likely to accept it as normal. If the technology through which surveillance operates also provides continuous entertainment, they may soon find any other way of living intolerable.
John N. Gray
We have come to the end of a chapter in our industrial history. The industrial system to which the Tory Party adheres-at least officially and in its manifestos-has failed us. ... It is no use blaming working people or the unions if they have to work in ancient factories with obsolete equipment producing old-fashioned goods at unecomonic prices and earning low wages as well. Working people not only are not responsible for the weakness of British manufacturing industry. They have hitherto been denied the tools and tackle that they needed to put it right. ... We have got to make a fresh start now. We have got to get investment up, and to get it up as soon as we can. If the market economy cannot or will not give us that investment, we must do it direct.
Tony Benn