The Abundance Economy: Karl Marx's Vision Realized Through Capitalist Acceleration

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Authors: Lon Douglas Waford
Cited by: 0

Abstract

The higher phase of communist society, as envisioned by Karl Marx in his Critique of the Gotha Programme (1875), promised a stateless, classless world of abundance where the productive forces develop to such an extent that “the springs of co-operative wealth flow more abundantly,” enabling distribution according to the principle: “From each according to his ability, to each according to his needs.” Marx anticipated this utopia would emerge from proletarian revolution and the abolition of private property. Yet the converging technologies of artificial general intelligence (AGI) and superintelligence (ASI), humanoid robotics, fusion energy, and reusable space launch systems are poised to deliver material post-scarcity not through class struggle or centralized planning, but through the very mechanisms of capitalist acceleration—market competition, private investment, and entrepreneurial risk-taking exemplified by figures such as Elon Musk. This paper argues that technological capitalism, rather than rendering Marx’s vision obsolete, ironically fulfills its telos: the elimination of scarcity that obsoletes scarcity-management systems themselves, whether capitalist marketsor socialist command economies. In this abundance economy, both ideologies become relics of a pre-post-scarcity era, replaced by a neutral horizon of human flourishing. The radical humor lies in history’s cosmic joke: the bearded prophet’s stateless, moneyless paradise arrives courtesy of arch-capitalist innovators who pursue profit yet unleash universal plenty.

Fields of Study & Subjects

Political Economy and Marxism Marxism and Critical Theory Economic and Social Issues

Publication details

Journal / source
Zenodo (CERN European Organization for Nuclear Research)
Publication date
28 January 2026
Language
EN
Document type
Preprint