Day: May 11, 2018

Capitalism is unfolding exactly as Karl Marx predicted

By Olivia Goldhill, Quartz

One hundred and sixty years ago, at a time when the light bulb was not yet invented, Karl Marx predicted that robots would replace humans in the workplace.

“[O]nce adopted into the production process of capital, the means of labor passes through different metamorphoses, whose culmination is the machine, or rather, an automatic system of machinery,” he wrote in his then-unpublished manuscript Fundamentals of Political Economy Criticism.… Read Full Article