The Virtuous Interaction between Capital and Technology in the Context of New Productive Force
Year: 2024
Type: article
Abstract: The world has entered an era of intelligence led by the Internet of Things and smart manufacturing. In response to the current situation, the concept of ‘New Productive Force’ emerges. The new productive force, which is qualitatively defined as the renewal of science and technology, cannot be realised without the effective promotion of capital. The technologically driven logic of capital multiplication in the age of capitalism has developed the law of capital's behaviour in the pursuit of value multiplication to such an extreme that exploitation seems to have become a ‘logical “misadventure” on the road to the good life’. Under the conditions of socialist market economy, capital and technology are no longer in a relationship of ‘collusion’, but should be realised within the orbit of the socialist system to achieve a benign interaction between each other, so as to empower the high-quality development of the economy with the new productive force.
DOI: 10.54097/6qeejm09
Author: Xinyi Yang
Language: English
Subfield: Sociology and Political Science
Field: Social Sciences
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4403986554