this post was submitted on 29 Apr 2025
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Capital Volume 1, Production of Relative Surplus Value\Machinery and Modern Industry\Section 4: The Factory
But also ....
Geopolitical Economy, Centripetal Finance, Hidden Productivity Miracle
And here we sit at the precipice of factorization of the "high-technology version of a crafts economy".
I think the comparisons with the industrial revolution are very apt. We basically had a set of jobs that remained largely artisanal in nature until now, and we're entering the stage of automation that's starting to encroach in these domains. Exact same mechanic is playing out now as we saw play out with industrial automation becoming mainstream.