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The Capital–Labour Rupture and the World Order
More than the rise of China, it is cyber-capitalism that is the driving force of the current changes in the global political economy. Emboldened by new age technologies, the capital is now breaking itself free from labour. Its efforts are being supported by the right-wing conservatives who are undermining the educated middle class and polarising the society to help reduce the population pool that will be entitled to universal basic income in the ensuing age of mass joblessness.
More than the rise of China, it is cyber-capitalism that is the driving force of the current changes in the global political economy. Emboldened by new age technologies, the capital is now breaking itself free from labour. Its efforts are being supported by the right-wing conservatives who are undermining the educated middle class and polarising the society to help reduce the population pool that will be entitled to universal basic income in the ensuing age of mass joblessness.
The two myths prevalent among the analysts of international politics are China deindustrialised the United States (US), and the US is reindustrialising because of China. This article argues that both the Western deindustrialisation and reindustrialisation are driven by capital’s desire to disentangle from labour.
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