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In this work, I apply Arrighi’s theory of systemic cycles of accumulation to the current crisis and find that, while this theory elucidates some broad features of the global political economy that fostered the crisis, Arrighi’s explicit limitations lead to further areas of inquiry that help to understand this crisis in its specificity. Many studies try to understand the financial crisis that began in 2007 by utilizing short-term perspectives, but few step back far enough to see how macrohistorical transformations created the environment for a crisis of immense magnitude. By critically engaging with principles and values central to anarchism, such as equity, solidarity, cooperation, mutual aid and environmental sustainability, the article seeks to outline an alternative vision to the ideas and social practices that have sustained the existing competition order thus far. From the vantage point of a historical materialist perspective, the article provides an explanatory critique of capitalist competition and the atomistic and reductionist social scientific precepts that serve to legitimize the neoliberal type of competition regulation.
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Sustained by neoliberal competition regulation and other regulatory provisions, excessive competition (over-competition) in the process of capital accumulation has become a major global force with highly detrimental social and environmental downsides. Since the mid-1980s, and particularly throughout the first decade of the 21st century, the imperative of capitalist competition has become a totalizing and all-pervasive logic expanding to ever more social domains and geographical areas around the world. However, for the Commons to expand and prosper, a global institutional reform is sine qua non. I conclude that the Commons has, indeed, a potential in creating a freer and more sustainable economy. It is argued that the Commons favours democratic self-governance over hierarchical management, access over ownership, transparency over privacy, distribution of value over profit maximization and sustainability over growth at all costs.
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A third argument revolves around the emergence of a post-capitalist economic paradigm on the model of the Collaborative Commons, supported by the Internet and free/open source technology. On the other hand, it is claimed that digitization produces precarious labour and technological unemployment, thus widening the already gaping inequalities. It is argued, on the one hand, that digitization would decrease costs, increase productivity and 'lift all boats' toward the universal goals of freedom and prosperity for all.
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In this article, I critically deconstruct three compelling arguments regarding the impact of digitization on the future of freedom and the workplace.
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