At a certain stage, the same technical and scientific revolution which spurred the development of capitalism will actually become a factor in the destruction of capitalist society. Rather than a road to progress for the economy it is the road to disaster. Such a path to disaster and loss of jobs can be seen. Globalisation and inward investment, and exporting commodities, which were hailed as the saviour of the car industry has pushed the car industry in Britain into further crisis with closures and cut-backs. In the North of England, the clothing industry is being virtually destroyed by the globalisation policy of these companies.
Agriculture too is in increasing crisis.
The knowledge economy, the new technology, is going to make the situation worse in that it destroys more jobs than it creates. This reflects capitalism in its final parasitic and moribund state. It is linked to the maximum profits on stock markets and the most parasitic definition of what is a successful company. It is about exploiting the digital divide and is imperialist logic. It is attacking the jobs of the workers in all sectors of the economy and it will intensify the problem of jobless growth.