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End of Communism and a Beginning of the End of Capitalism

In: The Future of Work in Information Society

Author

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  • Andrzej Piotr Wierzbicki

    (National Institute of Telecommunication)

Abstract

This chapter presents the opinion that the end of communism was related to the destruction of proletariat due to two factors: globalisation and automation, but forthcoming automation and robotisationRobots/Robotics will also contribute to the end of capitalism. A review of opinions of authors writing about the end of capitalism is presented, but opinions about precise factors and ways of such end are rare among them. Most incisive opinions postulate that capitalism will be replaced by some hybrid of capitalism and socialism, but do not specify in what way this will occur. The author concludes that a serious threat to capitalism is a gradual increase of the number and importance of precariat, a layer of people usually young, relatively well educated, but without steady work and hope of a stable situation in life. It will be precariat who will either start a revolution, or force capitalism to reform itself essentially.

Suggested Citation

  • Andrzej Piotr Wierzbicki, 2016. "End of Communism and a Beginning of the End of Capitalism," SpringerBriefs in Economics, in: The Future of Work in Information Society, chapter 0, pages 29-35, Springer.
    • Handle: RePEc:spr:spbchp:978-3-319-33909-2_4
    DOI: 10.1007/978-3-319-33909-2_4
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