Tag Archives: Capitalism

‘It’s Time To Question The Relationship Between Technology & Capitalism’

The Mechanic and the Luddite book cover

LSE REVIEW OF BOOKS (March 24, 2025):

With the ongoing dismantling of the US administrative state by a handful of ill-informed programmers, I would like to declare the current moment a failure of tech criticism. For decades, academics in the social sciences and humanities have built a critical edifice that challenged the cultural hegemony propping up the US tech industry, an industry grounded in science fiction parables, speculative fiction, “rationalist” dreaming, and an endless stream of technological solutionism. We can now count “AI safety” as a new field of knowledge production about technology captured by industry interests. I do not attribute blame to tech critics for this state, but now is a good moment to stop and reflect: what are we doing? In being so caught up in cataloguing new horrors of the digital age, we have been unable to stop its worst excesses. We need a new way of thinking about that project, of how we catalogue the problems of technology and hope that corporate appeals or policymaking will address them.  

While there is plenty of tech criticism around, much of it is not comfortable explicitly labelling itself as anti-capitalist tout court.

In his new book, The Mechanic and the Luddite, Jathan Sadowski provides a model of “ruthless criticism” that might meet that requirement. As he explains, many academics have created criticism isolated from the source of its complaints: “Too much of the tech criticism that exists today is happy to ignore, if not remain ignorant of, the links between technology and capitalism. We can see this anodyne style in the sudden burst of work on “AI ethics,” which is content with offering superficial tweaks to, say, the training data for an algorithm without ever challenging how that algorithm will be used or why it should exist at all” (24). In contrast, he calls for more materialist analysis of technology and the internet – that is, Marxism.  

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The Mechanic and the Luddite: A Ruthless Criticism of Technology and Capitalism. Jathan Sadowski. University of California Press. 2025.

Jathan Sadowski’s The Mechanic and the Luddite critiques technology’s entanglement with capitalism, advocating for “ruthless criticism” of this dual system in order to dismantle it. Sadowski’s forthright materialist approach and argument for actionable, anti-capitalist tech critique make the book an original and vital read for our times, writes Sam DiBella.

Economics: It’s Time To Get Rid Of “Capitalism”

MODERN AGE – A CONSERVATIVE REVIEW (March 12, 2025):

The term “capitalism” is past its sell-by date. Why? It means too many things to too many different people to be useful. 

For some conservatives, capitalism is central to our American identity. This is despite the fact that none of the Founders had ever heard the term, which was not invented until 1850: James Madison, for example, advocated laws that “without violating the rights of property, reduce extreme wealth towards a state of mediocrity.”  

For the followers of Karl Marx, capitalism is an economic system that, while having unleashed great productive forces, relies on the exploitation of workers by a class of capitalists, who capture all the workers’ “surplus value” and put it in their own pockets. For Ayn Rand and her followers, however, capitalism is an “unknown ideal,” which could possibly come about if the government completely refrained from economic interventions. 

The market is an engine of great economic efficiency, but it is fundamentally amoral: No demonstration of the economic efficacy of market transactions can tell us if there are things that should not be bought or sold because allowing mere private demand for them to determine their availability is destructive for society as a whole.


If we recognize that all the complex societies embody some combination of markets and governmental creation of conditions that permit, ban, or encourage some sorts of market transactions, we might be able to embark on a more serious discussion of these matters, instead of continuing to bloviate about “capitalism.” 

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Gene Callahan is the author of Economics for Real People: An Introduction to the Austrian School and Oakeshott on Rome and America. He teaches computer science at NYU.