- Capitalism and Alternatives -
A technology based Marxist revival?
Suppose technology were to become so advanced that the basic economic problem pales into insignificance. That is, if a technologically intensive economy produced a plethora of resources such that they were no longer scarce but abundant. The exclusivity of property rights would diminish in worth and their alienability deprived of its value. Would this lead to a technologically based revival of Marxist outcomes?