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three-disruptions

The sequential transformative phases of industrialization, digital technology, and exponential innovation reshaping society and economy.

1 chapter across 1 book

Fully Automated Luxury Communism: A Manifesto (2019)Aaron Bastani

Part I. Chaos under Heaven

This chapter outlines the socio-economic and technological crises underpinning contemporary capitalism, highlighting stagnating wages, rising poverty, and systemic instability since the 2008 financial crisis. It introduces the concept of three major disruptions—industrial mechanization, digital information technology, and exponential technological growth—arguing these create the conditions for a post-scarcity society. The chapter culminates in framing 'Fully Automated Luxury Communism' as a future socio-economic model enabled by automation, abundant energy, and information freedom, drawing on Marxist theory and critiques of capitalism.