What Is Coming After Capitalism?

By Peter Frase

In his speech to the Occupy Wall Street encampment at Zuccotti Park, Slavoj Žižek lamented that “It’s easy to imagine the end of the world, but we cannot imagine the end of capitalism.” It’s a paraphrase of a remark that Fredric Jameson made some years ago, when the hegemony of neoliberalism still appeared absolute. Yet the very existence of Occupy Wall Street suggests that the end of capitalism has become a bit easier to imagine of late. At first, this imagining took a mostly grim and dystopian form: at the height of the financial crisis, with the global economy seemingly in full collapse, the end of capitalism looked like it might be the beginning of a period of anarchic violence and misery. And still it might, with the Eurozone teetering on the edge of collapse as I write. But more recently, the spread of global protest from Cairo to Madrid to Madison to Wall Street has given the Left some reason to timidly raise its hopes for a better future after capitalism.

One thing we can be certain of is that capitalism will end. Maybe not soon, but probably before too long; humanity has never before managed to craft an eternal social system, after all, and capitalism is a notably more precarious and volatile order than most of those that preceded it. The question, then, is what will come next. Rosa Luxemburg, reacting to the beginnings of World War I, cited a line from Engels: “Bourgeois society stands at the crossroads, either transition to socialism or regression into barbarism.” In that spirit I offer a thought experiment, an attempt to make sense of our possible futures. These are a few of the socialisms we may reach if a resurgent Left is successful, and the barbarisms we may be consigned to if we fail.

Much of the literature on post-capitalist economies is preoccupied with the problem of managing labor in the absence of capitalist bosses. However, I will begin by assuming that problem away, in order to better illuminate other aspects of the issue. This can be done simply by extrapolating capitalism’s tendency toward ever-increasing automation, which makes production ever-more efficient while simultaneously challenging the system’s ability to create jobs, and therefore to sustain demand for what is produced. This theme has been resurgent of late in bourgeois thought: in September 2011, Slate’s Farhad Manjoo wrote a long series on “The Robot Invasion,” and shortly thereafter two MIT economists published Race Against the Machine, an e-book in which they argued that automation was rapidly overtaking many of the areas that until recently served as the capitalist economy’s biggest motors of job creation. From fully automatic car factories to computers that can diagnose medical conditions, robotization is overtaking not only manufacturing, but much of the service sector as well.

Taken to its logical extreme, this dynamic brings us to the point where the economy does not require human labor at all. This does not automatically bring about the end of work or of wage labor, as has been falsely predicted over and over in response to new technological developments. But it does mean that human societies will increasingly face the possibility of freeing people from involuntary labor. Whether we take that opportunity, and how we do so, will depend on two major factors, one material and one social. The first question is resource scarcity: the ability to find cheap sources of energy, to extract or recycle raw materials, and generally to depend on the Earth’s capacity to provide a high material standard of living to all. A society that has both labor-replacing technology and abundant resources can overcome scarcity in a thoroughgoing way that a society with only the first element cannot. The second question is political: what kind of society will we be? One in which all people are treated as free and equal beings, with an equal right to share in society’s wealth? Or a hierarchical order in which an elite dominates and controls the masses and their access to social resources?

There are therefore four logical combinations of the two oppositions, resource abundance vs. scarcity and egalitarianism vs. hierarchy. To put things in somewhat vulgar-Marxist terms, the first axis dictates the economic base of the post-capitalist future, while the second pertains to the socio-political superstructure. Two possible futures are socialisms (only one of which I will actually call by that name) while the other two are contrasting flavors of barbarism….

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