: : 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.
: SDF: The working class would STILL no longer be able to afford them. All that would happen under capitalism would be another crisis of overproduction, and another economic "correction".
: : 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?
: SDF: No, people have to have motives other than capitalist ones, before anything of value will come out of human society. Without that, it's all just another repetition of the lessons of Easter Island.
If you don't do this, then you are all doomed! Doomed I say!!
My, the slopes are slippery today.
The thing that you propose, a negation of scarcity, does sound far fetched. My hunch is that some would manage to collude and create shortages of this commodity or that for the purpose of gaining political power.
To the extent that solutions lie within us I agree with SDF. (OHHHH MYYYY GOOOOODDDD.....)