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Showing posts with the label Surplus Value

How Marx Diagnosed Technology’s Hidden Transfer of Power

The Machinery of Inequality: How Marx Diagnosed Technology’s Hidden Transfer of Power   Prelude In an age enamored with disruption and innovation, we rarely ask: Who benefits? Karl Marx, writing amid smokestacks and steam engines, saw what many still miss—that technology under capitalism is never neutral. It’s a lever, a weapon, a silent arbitrator of power. While wages may rise and gadgets proliferate, the share of societal surplus flowing to labor has quietly dwindled, especially since the 1980s. Marx didn’t predict dystopian pauperization; he diagnosed a subtler drift—relative disempowerment masked by material comfort. His insight wasn’t about machines replacing hands, but about capital restructuring society to extract more while conceding less. Today, as algorithms manage workers and AI reshapes industries, Marx’s 150-year-old analysis echoes with unsettling clarity. This isn’t a call to abandon progress, but to interrogate its direction. For technology, as Marx knew, is n...