The competition that capitalism has fostered is bringing marginal costs of production down far lower than anticipated by economists, to near zero in sectors such as publishing, education, energy, and even manufacturing. This is occurring not only through MOOCs (massive open online courses) but also such things as 3-D printing of products… As marginal costs approach zero, the driving forces of capitalism – profit and investment – are neutered. As a result, a social sector that doesn’t rely on profit will play a larger role in the creation and distribution of goods and services, becoming a more significant employer in the process.
Posted on: Mon, 09 Jun 2014 11:00:00 +0000
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