Postcapitalism and the city

CCCB, 7 October 2016: The idea of postcapitalism consists of two hypotheses, about the unique effects of information technology.

First, that information technology is preventing the normal adaptation process, whereby capitalism — as a complex system — reacts to crisis, to the exhaustion of old business models, to the low profitability of old businesses and old sectors.

Second, that information technology makes utopian socialism possible.

More precisely: information technology makes possible a transition towards relative abundance, through the rapid cheapening of some things, the automation of work, and through highly intelligent utilisation of capacity — of things, raw materials, energy and human services.

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