Postcapitalism by Paul Mason

Most people would agree that capitalism is not working too well these days – to put it very mildly! Author Paul Mason takes us on a journey from the origins of modern capitalism through to the current crisis we are in. At the end he offers some possible solutions in great detail, some of them based on underlying social trends that are already emerging.

Paul Mason

The first half of the book is heavy going in places, although readers more at home with economic theory might have a different view. I found myself struggling to take in the detailed analysis of the likes of Kondratieff, Schumpeter and the relevance of Marx. Gradually the author ties the theory in with where we are now and what may be ahead. Mason suggests that we are at the point of “The exhaustion of capitalism’s 250 year old tendency to create new markets where old ones die out”. The length of several cycles, such as the one just mentioned which corresponds to a complete cycle of Pluto, was interesting to me as an astrologer. Amongst other interconnected topics, the effects of automation in factories and the how neoliberal capitalism dealt with the 2008 financial crash are explored. Most neoliberal capitalist countries are now left with ridiculous unsustainable debts.

The emergence of the information economy and the networked individual are seen as crucial to the postcapitalist future. “A networked lifestyle and consciousness, at odds with hierarchies of capitalism”. The implications of this are examined in the last few chapters, covering climate change, the population explosion and just about every other major problem you can think of. A basic income is suggested. Many of the ideas will be familiar to those who have read the likes of Andrew Simms of the new economics foundation. The reader is left feeling that there may be some hope for the future.