CMNS 240 Chapter Notes - Chapter 2-2: Proletariat, David Graeber
26 Sep 2016
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Document Summary
The hugely expanded workforce of the world looks like a proletariat . But no longer thinks or behaves as it once did. Postcapitalism is possible because of three major changes information technology has brought about in the past 25 years. First, it has reduced the need for work. Blurred the edges between work and free time. Loosened the relationship between work and wages. Second, information is corroding the market"s ability to form prices correctly. The system"s defence mechanism is to form monopolies. Third, we"re seeing the spontaneous rise of collaborative production. Goods, services and organisations are appearing that no longer respond to the dictates of the market and the managerial hierarchy. New forms of ownership, new forms of lending, new legal contracts: a whole business subculture has emerged over the past 10 years, which the media has dubbed the sharing economy .
