The modes of production have been democratised: so where's the revolution?

in innovation

Today, technology is smashing down barriers to entry. Want to start a magazine? An insurance marketplace? A travel agency? In decades past you'd have to have a lot of investment up front in order to make your dream come true. One of the core tenants of capitalism - that an investment in capital brings return - meant that class systems were ingrained and the owners of capital were pretty much untouchable.

With technology, the 'untouchables' of business are being severely disrupted. Owning the modes of production today helps, but it isn't enough. Those with an entrepreneurial spirit can spin up an app and take away your business overnight. In the past decade this has happened to countless unfortunate industries; some centuries old. This disruption is powered by a profoundly open and democratic force: the web. Unlike modes of production before it, the web is at its core open (anyone can view the source for any page), and accessible (anyone can write code, put up a website and have access to a market of billions.) Hardware used to be the biggest barrier to entry for technology, but computing hardware is now so cheap that soon every global citizen will have access.

This would lead you to predict, surely, that forces like technology and the web would allow capitalism to become much more meritocratic, and for Marx's demands to look a little, well, 1800s.

The new mode of production: The Mind

In fact, the state of the world in 2016 is exactly the opposite. Technology has helped create the most unequal global economy in history. In the UK the top 1% own 25% of the UK's wealth. Globally, the picture is even bleaker. And yet the same thought keeps coming back: if anyone can start a company and disrupt the status quo, what is going wrong? Why is tech one of the least diverse industries?

The answer, I think, lies in the skills required to participate in the disruption of technology. Whilst some are taught to code at a young age, other's don't have enough access to technology or mentorship. How can you disrupt industries if you don't have the skills to be able to do so? There is the illusion of a meritocracy but in reality something very different. Initiatives like Code Club and Coding in schools are good but they're not enough.

Everyone needs to believe that they can disrupt and change the world, and be given the tools in order to follow through. Technology is not enough. Without the training and education required to allow everyone to participate we'll create a world more unequal than even Marx could have imagined.