Summary of Aaron Bastani's Fully Automated Luxury Communism

By IRB Media

Please note: This is a companion version & not the original book. Book Preview:

#1 The end of the Cold War in 1989 marked the supremacy of market capitalism, and with it, the demise of self-governing nation-states.

#2 Capitalist realism is the belief that the world is flat and can only be changed by capitalism. It is a world where nothing really matters except for capitalism, and where ultra-authoritarianism and Capital are not at all incompatible.

#3 The world is a broken place, and I don’t just mean the European migration crisis. The world is a broken place because of a crisis of representation, as citizens come to view their governments as little more than conduits for the interests of corrupt elites.

#4 The most pressing crisis facing humanity is an absence of collective imagination. It is as if all humanity has been afflicted by a psychological complex, capitalist realism making us believe the present world is stronger than our capacity to remake it.

• Language: English
• Publisher: IRB Media
• Release date: Apr 27, 2022
• ISBN: 9781669394853

IRB Media

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Insights on Aaron Bastani's Fully Automated Luxury Communism

Contents

Insights from Chapter 1

Insights from Chapter 2

Insights from Chapter 3

Insights from Chapter 1

#1

The end of the Cold War in 1989 marked the supremacy of market capitalism, and with it, the demise of self-governing nation-states.

#2

capitalist realism is the belief that the world is flat and can only be changed by capitalism. It is a world where nothing really matters except for capitalism, and where ultra-authoritarianism and Capital are not at all incompatible.

#3

The world is a broken place, and I don’t just mean the European migration crisis. The world is a broken place because of a crisis of representation, as citizens come to view their governments as little more than conduits for the interests of corrupt elites.

#4

The most pressing crisis facing humanity is an absence of collective imagination. It is as if all humanity has been afflicted by a psychological complex, capitalist realism making us believe the present world is stronger than our capacity to remake it.

#5

The fact that you are reading these words is proof that capitalist realism is already coming apart. The global financial system crashed in 2008, and within weeks the world’s leading economic powers were left with no alternative but to bail out their domestic banks.

#6

The economy, which is defined by growth and productivity, is also beginning to show signs of inertia. Britain, for example, produced less in 2017 than it did a decade earlier.

#7

Neoliberalism, which was Thatcher and Reagan’s economic policy, led to higher unemployment and lower wage growth, but it