End of Capital and the Transition to Socialism

• Book: Information Technology and Socialist Construction: The End of Capital and the Transition to Socialism. By Daniel E Saros.

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Evgeny Morozov:

"Why insist on central planning, when a more decentralized, automated and apparatchik-free alternative might be achievable by putting the digital feedback infrastructure to work? The most ambitious effort to sketch what such an alternative might look like—think ‘guild socialism’ in the era of Big Data—was undertaken by the American radical economist Daniel Saros, in his rigorous, lucid—and unjustly neglected—Information Technology and Socialist Construction.

"Saros’s plan has some gaps and omissions, and the level of technological power available in 2019 is much greater than it was even five years ago. Still, the book’s overall vision provides inspiration and encouragement to those searching for alternative ways of coordinating economic activity on a large scale. After an exhaustive summary of the positions taken in the Socialist Calculation Debate, Saros contends that the socialist economists couldn’t envision a superior, more decentralized form of planning simply because the technology at their disposal was inadequate. The technology he has in mind, though, is not the kind used for solving equations or crunching numbers for the Central Planning Board, but one that powers the sort of ‘feedback infrastructure’ described earlier." (https://newleftreview.org/issues/II116/articles/evgeny-morozov-digital-socialism)