Thursday, November 28, 2013

Capitalism as the Second Revolution

I think that the second revolution in human productivity is capitalism because what capitalism does, at least in theory, is that it changes the primary motive from extrinsic negative motivation, fear (if I do not work I die) to a new game whose logic is: I am exchanging something for my benefit against another benefit. I sell my labour against a wage, I sell a product and I get money. This creates a huge leap in human productivity when we shift from a situation of negative extrinsic motivation, where basically you do not work if there is no coercion, to a situation where you work because you get a benefit. - Michel Bauwens
The Third Revolution

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