
In "Postcapitalism," Paul Mason argues technology is undermining capitalism as information's zero-cost reproduction challenges market economics. Debated in academic circles for its optimistic view of collaborative production, this provocative work asks: Will Wikipedia-style sharing and open-source innovation truly replace profit-driven systems?
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We stand at the edge of an economic revolution. The 2008 financial crisis wasn't just another recession-it marked the beginning of neoliberalism's terminal decline. Despite unprecedented intervention-$12 trillion in quantitative easing and near-zero interest rates-the recovery has been anemic. Meanwhile, information technology continues its revolutionary advance. This contradiction between rapidly advancing technological capabilities and a failing economic model suggests we're witnessing the birth of something new: postcapitalism. The collapse revealed the rot at the system's core. Emails between finance executives showed a culture of knowing deception-Lehman Brothers using emoticons when admitting illegal tactics, Standard & Poor's employees joking about retiring before their "house of cards falters." Despite this, conditions for another crisis accumulate: stagnant wages, a shadow banking system larger than before 2008, and global debt up by $57 trillion. In countries like Greece and Spain, youth unemployment has reached catastrophic levels exceeding 50%, creating a "lost generation" without economic prospects. Yet amid this dysfunction, smartphones have conquered the world, social media has exploded, and green technology has advanced dramatically. This technological revolution holds the key to understanding why neoliberalism is failing-and what might replace it.
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