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Video: Wallerstein vs. Rifkin, against the zero marginal cost thesis ?

photo of Michel Bauwens

Michel Bauwens
22nd August 2014


Well not really, though the title points to one possible way to interpret this interview with Immanuel Wallerstein.

Wallterstein argues that historically, despite oscillations, the price of inputs in labor, material/energy and taxation, have gone up, leading to a systemic crisis for capital.

Rifkin, in his last book, makes a different hypothetis, but focusing on the output. Even giving rising input costs, there is a revolution in output, that with one initial input, it is now possible to produce ever more output, reaching a level that is also problematic for the accumulation of capital.

I strongly recommend watching the video in full.

Watch the video here:

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