Time-saving technology coexists with unprecedented felt time scarcity

Evidence

If one follows the analysis suggested by Marx, then in the first place labor time directly constitutes a decisive, i.e., value-creating, factor of production, as time is transformed by work into value. … As Marx already noted, the capitalist economics of time therefore provides one explanation for the paradoxical link between the introduction of time-saving technologies and the consequent increasing scarcity of time resources, i.e., the heightening of the pace of life: “hence too the economic paradox that the most powerful instrument for reducing labor-time suffers a dialectical inversion and becomes the most unfailing means for turning the whole lifetime of the worker and his family into labor time at capital’s disposal for its own valorization.” — Hartmut Rosa, Social Acceleration, 451 (#expands, via linked claim)

Thus, not only does time feel accelerated, but its acceleration reorders and masks power relations among those investing and trading, as well as among those merely consuming and desiring. And as the propensity to speculate expands rapidly in society, greater numbers of ordinary people become embroiled in —often unwinnable —fights for time, value, visibility, and imagination. — Aris Komporozos-Athanasiou, Speculative Communities, 97 (#expands, via linked claim)

Categorization

  • recurring: this claim recurs 3 times within its source
  • XREF: connects to: Modern fragmented experience makes life race at both ends. — Hartmut Rosa, Social Acceleration: A New Theory of…, 405; Modern advocates long expected technology to deliver abundant free time; Time scarcity arises only when growth outpaces acceleration — Hartmut Rosa, Social Acceleration: A New Theory of…, 237 (+14 more)

Broader Connections