The End of Capitalism Has Begun

CapitalismEveryone should read Paul Mason’s article in The Guardian titled, The End of Capitalism Has begun. It’s full of ideas and observations, many of which are intuitive but others came as a complete surprise. It’s long but well worth reading to the end.

The premise is, of course, that Capitalism is unsustainable and is in fact already being taken over by a new and more logical model which the author calls Post-Capitalism. The key element of Post-Capitalism is the explosion in the accessibility of information in the age of computers and the internet. One observation Mason makes is that information does not fit into the tradition business model of Capitalism. To put it succinctly: What do you charge for information? The traditional model would charge based on the scarcity of the product—the more rare it is, the more it costs—but information is everywhere and can easily be accessed. As the information grows, if you follow the traditional pricing method, the product will get cheaper and cheaper until the business can no longer support itself and goes under. Capitalism is eating it’s young.

Continue reading