The end of capitalism has begun

[tech3149]

1. Interesting article but I think the author gets as many things wrong as he gets right

It would be nice if we could progress beyond capitalism.
With regard to people needing to work less, I've been told that since the 60's at least. I remember one of those weekly mags telling me that by 2000 I wouldn't have to work more than 10 or 15 hours a week. Well, that sure as hell didn't happen!
Every technological development in the age of man that made self support require less effort provided the means for making the labor of someone unnecessary. How do those people earn the means to support themselves? That excess of available labor makes everyone's labor less valuable.
One of the most informed statement he makes is that " our social structure cannot bear the consequences".
The other is pointing out that collaborative production, a cooperative economy is an option for hope. But where the hell does Wikipedia come into the picture? How does giving away my time and effort for no compensation pay my bills or buy my groceries?
Oh, Hell! Just ignore me. If I tried to respond to all the crap in this piece I would be writing a book. I guess since the article was in the "Economics" section it would be full of shit.