- Category
- Business
- Published
- Sunday, September 13, 2026 at 11:00 AM
- Publisher
-
The Guardian Business
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AI will transform capitalism – but how?
Technology is going to drastically reshape the economy, and it’s within our power to decide what that looks like The idea that autonomous, thinking machines may one day destroy property, hierarchy and inequality is as old as western political thought. In Aristotle’s Politics, the philosopher cites a fantasy from the Iliad, in which machines begin to act independently of human direction, concluding: “If every tool could perform its own work when ordered, or by seeing what to do in advance … if thus shuttles wove and quills played harps of themselves, master-craftsmen would have no need of assistants and masters no need of slaves.” The dream that automation could inaugurate a classless society is also present in the writings of Karl Marx. In 1858 he imagined the replacement of intellectual property with “socialised knowledge”, which would merge into a “general intellect”, blowing the foundations of capitalism sky high. Continue reading...
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