The end of capitalism has begun

Even if the author truly believes it, the title is still a clickbait.

Without us noticing, we are entering the postcapitalist era. At the heart of further change to come is information technology, new ways of working and the sharing economy. The old ways will take a long while to disappear, but it’s time to be utopian.

The destruction of jobs is very real. I know coz I'm in the business of automating them to oblivion.

But the abstract-speak can be too annoying and derailing productive thoughts.

Capitalism, it turns out, will not be abolished by forced-march techniques. It will be abolished by creating something more dynamic that exists, at first, almost unseen within the old system, but which will break through, reshaping the economy around new values and behaviours. I call this postcapitalism.

Calling it an ism doesn't make it legitimate.

Somehow I can't tell if this is true, I can only take it on faith.

Information is a machine for grinding the price of things lower and slashing the work time needed to support life on the planet.

Here comes the mind-fuck (I can't take this too seriously).

... if a free market economy plus intellectual property leads to the “underutilisation of information”, then an economy based on the full utilisation of information cannot tolerate the free market or absolute intellectual property rights.

Like most economy/philosophy pieces, they don't actually go anywhere other than stating the obvious in abstractions that no one can decipher and subsequently debunk.

To me, the one thing that's worth discussing that no one spares enough thought to is this: what does a society without jobs do, and how do we transition there peacefully.