Over a hundred and fifty years ago, Karl Marx laid out the principles of capitalism in such a way that he was able to predict with astonishing accuracy all of the crises that are unfolding in our political economy today. In this video, we will explore Marx’s theories to understand why and how ChatGPT, humanoid robots, and the sky-rocketing prices of RAM and GPUs are actually accelerating a 150-year-old economic crisis predicted by Karl Marx: The Tendency for the Rate of Profit to Fall.

In this video, we trace the history of automation from the 19th-century Luddite movement to the modern AI tech bubble. We break down down how capitalists exploit human labor to generate “surplus value,” why physical machines and software algorithms can’t create value on their own, and how global silicon monopolists (including TSMC and NVIDIA) are changing the rules of the free market through aggressive rent-seeking.

If you are a creative, an intellectual worker, a tech nerd, or a gamer wondering why technology is advancing while our quality of life is stagnating—this deep dive into Marxist political economy is for you.