Wednesday, March 30, 2005
Adam Smith meets Karl Marx
Doc has an interesting insight (from 1995):
The World Wide Web's strange new economy is where Adam Smith and Karl Marx finally meet. For Smith the Internet provides a "simple system of natural liberty [that] establishes itself of its own accord," and for Marx it finally puts the means of production in the hands of the workers. In other words, it achieves the irony of capital-free capitalism: enterprise so free that it requires almost zero capital to start and run a new business.
The World Wide Web's strange new economy is where Adam Smith and Karl Marx finally meet. For Smith the Internet provides a "simple system of natural liberty [that] establishes itself of its own accord," and for Marx it finally puts the means of production in the hands of the workers. In other words, it achieves the irony of capital-free capitalism: enterprise so free that it requires almost zero capital to start and run a new business.
[PermaLink] posted by acadac @ 8:59:00 AM 
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