What I gathered from this reading was Marx trying to grapple with how
automation/ machines/ robots would affect capitalism. Amazingly, this piece
was written over 150 years ago and we are now reaching a time in society
where automation, robots, and AI are taking over a lot of labour jobs. I believe
this piece tries to argue that automation would bring about the end
of capitalism because once these jobs have been taken, society will develop
new means of social thought and cooperation outside of the capitalist framework that
we are bound by today.
This discussion reminds me a lot of Andrew Yang's "Universal Basic Income" platorm
point. The concept that every American adult would recieve $1000/ month. Although
regarded as the "Freedom Dividend" as to relieve extreme poverty, stress, and increase
bargaining power for workers. However, complete automation is something that is also
considered in an UBI proposal especially for those who will lose jobs from it. I have
read up about systems where the profit made from complete automation would contribute
to a UBI and that there are pilot programs for this happening in the UK and Canada.
Considering how fast that technology is advancing, I feel the urgency of creating and
working on legislation in this area to beneift those being affected.