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8/17/07

Political Affairs Magazine - High-tech Capitalism and the Class Struggle - by John Bachtell

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High-tech Capitalism and the Class Struggle - by John Bachtell

The field of scientific research, technological development and its application to the production process is advancing at a dizzying and ever accelerating pace. Astounding new technological changes like the Internet are revolutionizing production and social life. They are also creating massive problems that capitalism cannot overcome. Capitalism is an economic system that is internally compelled by the drive for maximum corporate profits to constantly revolutionize the means of production. Capitalists must perfect production or face ruin from their class rivals. As Marx and Engels stated in the Communist Manifesto,

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