![]() The possibilities of social communication have vastly advanced with modern computer and telecommunication technology. The installation of large-scale wind turbines, the vastly improved efficiency of photo-voltaic cells, the significantly more efficient large batteries… all carry the promise of new technology stopping and reversing global warming and securing a prosperous future for mankind. ![]() Technological innovation has developed on an unparalleled scale in some sectors, such as renewables, driverless cars, the possibility of returning sight to the blind in a combination of digital and biotech initiatives the guidance of drugs to exact cells through nanotech renewable energy, potentially reducing climate change and decimating oil giants beyond their recovery. However the advanced instruments of production, the applications of science and technology drive beyond national boundaries and private ownership. It is true that the unique dynamic of capitalism is all about the infinite expansion of capital and its transformation into personal wealth and property. He had argued that revolts of the oppressed in the past failed because these technological prerequisites for a socialist society had not yet been attained. ![]() Marx firmly believed and elaborated how and why this transcendence of capitalism through technology was the necessary condition for the inception of socialism and emancipation of humanity. Instead of improving and developing human life and society’s living conditions, Capitalism’s technological revolutions have ultimately ended up causing unprecedented disparity, unchecked exploitation and harrowing poverty. From steam to electricity and from the transmission lines to the containers trade only helped capitalism avoid a collapse for a certain time and soon its organic crisis strikes back more vehemently. However, a closer look at the history of capitalist evolution and the impacts of technological advances exposes the fallacy of this propaganda. There has been much propaganda that new technological ‘revolutions’ are laying the basis of capitalism’s eternal existence, and hence Marx’s philosophy and prediction of class struggle and socialist revolution have become obsolete.
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