Why do communists think a post scarcity jobless world would end capitalism?

[Zer0/∞]

Why wouldn’t capitalists hold onto their power by owning all the machines and robots to trade amongst themselves? They would probably have their own private armies and end up owning city states and domains of power just like feudal lords of the past.

 

[Caesercel]

Do they? Can't speak for commies but I had the same idea once. If capitalists stop needing labour, they'll just massacre the toiling masses.

 

[Zer0/∞]

Do they? Can't speak for commies but I had the same idea once. If capitalists stop needing labour, they'll just massacre the toiling masses.

A lot of them think capitalism will be destroyed from Ai layoffs and low birth rates, thinking that if there are no consumers, the economy will collapse

 

[dumbozhina]

A lot of them think capitalism will be destroyed from Ai layoffs and low birth rates, thinking that if there are no consumers, the economy will collapse

A popular theory among today's Marxists is technofeudalism, by Yanis Varoufakis and Cedric Durand.

 

[dumbozhina]

Why wouldn’t capitalists hold onto their power by owning all the machines and robots to trade amongst themselves? They would probably have their own private armies and end up owning city states and domains of power just like feudal lords of the past.

indeed. however, let's not forget the power of dialectics.

 

[Caesercel]

A lot of them think capitalism will be destroyed from Ai layoffs and low birth rates, thinking that if there are no consumers, the economy will collapse

Yes there would be no more capitalism or consumer market.

 

[Buried Alive 2.0]

If the world is jobless, there would be no consumerism, no demand

 

[cathuluelitist]

Why wouldn’t capitalists hold onto their power by owning all the machines and robots to trade amongst themselves? They would probably have their own private armies and end up owning city states and domains of power just like feudal lords of the past.

This is just the end result of globalism.