World Review of Political Economy (Jun 2018)

The Revolution of Capitalist Relations Induced by the Technological Revolution of Electronics

  • Bruce E. Parry

DOI
https://doi.org/10.13169/worlrevipoliecon.9.2.0164
Journal volume & issue
Vol. 9, no. 2
pp. 164 – 187

Abstract

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Capitalism is in a dialectical leap to socialism, the next human stage. The laws of dialectical materialism and of historical materialism are examined. The scientific and technical revolution is examined. This revolution is creating a period of social revolution. Electronics is a labor-replacing technology, which destabilizes capitalism. Imperialism, globalization, and financialization are shown to be features of the current period, not stages of capitalism. The role of activists is outlined.