A debate between Seth Ackerman and Aaron Benanav on the prognosis for capitalism: Is it experiencing the kind of long-run stagnation that many Marxists have long regarded as its destiny? And what does the answer mean for socialist political strategy today?
Aaron Benanav is an assistant professor of sociology at Syracuse University. He is the author of Automation and the Future of Work.
More and more economists agree with Robert Brenner that mature capitalist economies have begun to stagnate. We should not deny this reality but rather think clearly about how it affects our political outlook.
Social theorists identify automation as both the main cause of unemployment and the future launchpad for a high-tech post-scarcity world. But, Aaron Benanav argues, the problem is the stagnation of global capitalism and its inability to generate enough jobs.