How relevant is Frederick Engels view of the role of Technology to the world today?

Engels maintains that machine development & production causes supply/demand problems for capitalism. Technological innovation creates an army of unemployed. An army of unemployed means fewer who can afford the goods the capitalist produces: supply of products increases but demand for products falls. How relevant is Frederick Engels view of the role of Technology to the world today?

Asked By: krazygurl - 4/1/2011
Best Answer - Chosen by Asker
Mixed answer. Think of computer cash registers with laser wands. You know, the way they have them at your supermarket. It used to be someone had to punch in every number of the price, and that was a lot of typing. Which meant more time for every customer in line. It also meant more people hired to do the job, and more... More
Answered By: Answer Dancer - 4/1/2011
Additional Answers (2)
Think of all the technological innovation since Engel's time. If his theory were true, almost everyone would be unemployed. He's obviously wrong, and that's before we reflect that he thought Marx's theory was right. In academe, the economics departments were the first to abandon Marx's theory. His influence lived on... More
Answered By: Sienna - 4/2/2011
This question happens to be the same as my Philosophy online class's midterm EXAM question, due today. We could be classmates or a great coincidence... More
Answered By: Jan - 4/4/2011
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