{"id":5881,"date":"2017-08-20T13:11:23","date_gmt":"2017-08-20T20:11:23","guid":{"rendered":"http:\/\/occupysf.net\/?p=5881"},"modified":"2017-08-20T13:16:43","modified_gmt":"2017-08-20T20:16:43","slug":"capitalism-cant-survive-without-socialism","status":"publish","type":"post","link":"https:\/\/occupysf.net\/index.php\/2017\/08\/20\/capitalism-cant-survive-without-socialism\/","title":{"rendered":"WHY CAPITALISM CAN\u2019T SURVIVE WITHOUT SOCIALISM"},"content":{"rendered":"
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Excerpt:<\/strong><\/p>\n

\u201cWe think of capitalism as being locked in an ideological battle with socialism, but we never really saw that capitalism might be defeated by its own child \u2014 technology.\u201d<\/p>\n

This is how Eric Weinstein, a mathematician and a managing director of Peter Thiel\u2019s investment firm, Thiel Capital, began a recent video for BigThink.com. In it he argues that technology has so transformed our world that \u201cwe may need a hybrid model in the future which is paradoxically more capitalistic than our capitalism today and perhaps even more socialistic than our communism of yesteryear.\u201d<\/p>\n

Which is another way of saying that socialist principles might be the only thing that can save capitalism.<\/p>\n

Weinstein\u2019s thinking reflects a growing awareness in Silicon Valley of the challenges faced by capitalist society. Technology will continue to upend careers, workers across fields will be increasingly displaced, and it\u2019s likely that many jobs lost will not be replaced.<\/p>\n

Hence many technologists and entrepreneurs in Silicon Valley are converging on ideas like universal basic income as a way to mitigate the adverse effects of technological innovation.<\/p>\n

I reached out to Weinstein to talk about the crisis of capitalism \u2014 how we got here, what can be done, and why he thinks a failure to act might lead to a societal collapse. His primary concern is that the billionaire class \u2014 which he\u2019s not a part of, but has access to through his job \u2014 has been too slow to recognize the need for radical change.<\/p>\n

\u201cThe greatest danger,\u201d he told me, is that, \u201cthe truly rich are increasingly separated from the lives of the rest of us so that they become largely insensitive to the concerns of those who still earn by the hour.\u201d If that happens, he warns, \u201cthey will probably not anticipate many of the changes, and we will see the beginning stirrings of revolution as the cost for this insensitivity.\u201d<\/p>\n

Check out the article here:<\/p>\n

Why capitalism can\u2019t survive without socialism<\/a><\/h1>\n

–posted by Gwyllm Llwydd<\/p>\n","protected":false},"excerpt":{"rendered":"

Excerpt: \u201cWe think of capitalism as being locked in an ideological battle with socialism, but we never really saw that capitalism might be defeated by its own child \u2014 technology.\u201d This is how Eric Weinstein, a mathematician and a managing director of Peter Thiel\u2019s investment firm, Thiel Capital, began a… Continue reading → <\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/posts\/5881"}],"collection":[{"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/comments?post=5881"}],"version-history":[{"count":4,"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/posts\/5881\/revisions"}],"predecessor-version":[{"id":5885,"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/posts\/5881\/revisions\/5885"}],"wp:attachment":[{"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/media?parent=5881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/categories?post=5881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/tags?post=5881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}