Abstract
This study attempts to theoretically examine the accumulation regime of capital after the generalization of artificial intelligence. The accumulation law of the increase of the organic composition of capital proposed by Marx will be accelerated toward ‘production without labour’ after artificial intelligence, and the profit rate will also decrease toward ‘production without profit’. Although artificial intelligence will decrease marginal cost of production as well as human labor, it will generalize a profit, which has a form of a rent, to prevent a production without profits. However, a reduction of people’s income, which will stem from ‘the disappearance of work’, will block realization of commodities’ value, whereas production of commodities increase rapidly with a decrease of production costs.
This research shows two antagonistic accumulation strategies dealing with this dilemma as two poles and proposes essential elements which will consist of a future accumulation regime after a generalization of artificial intelligence by examining the historical tendency of an accumulation regime.
This research shows two antagonistic accumulation strategies dealing with this dilemma as two poles and proposes essential elements which will consist of a future accumulation regime after a generalization of artificial intelligence by examining the historical tendency of an accumulation regime.
| Translated title of the contribution | On the Regime of Accumulation of Capital After the Artificial Intelligence |
|---|---|
| Original language | Korean |
| Pages (from-to) | 49-78 |
| Number of pages | 30 |
| Journal | 사회경제평론 |
| Volume | 30 |
| Issue number | 2 |
| State | Published - Jun 2017 |