The ongoing digital revolution may spell end of capitalism
By Andrew Moody | China Daily | Updated: 2016-03-02 08:29
Paul Mason believes that people innocently sharing free music on the Internet - as is particularly the case in China - could spell the end of capitalism.
The multi-award-winning broadcast journalist and author argues in his now already bestselling book Postcapitalism that the digital revolution could finally make Karl Marx's prophesy about the end of the economic system that has dominated since the mid-18th century British Industrial Revolution a reality.
"If you have got something - no matter what its production costs are - that can be reproduced infinitely, then sooner or later under free competition, its price is going to fall close to zero," he says.
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