
Inventing the Future
11 minPostcapitalism and a World Without Work
Introduction
Narrator: Imagine a massive protest. It’s April 2001, at the Summit of the Americas. Thousands of activists are marching against a hemispheric trade deal. They reach the massive security fence separating them from the world leaders. A small group in black, armed with bolt cutters and grappling hooks, methodically dismantles the fence. The crowd roars as it comes crashing down. The protestors surge forward, scrambling atop the toppled barrier. And then… they stop. They go no further. They have broken the physical barrier, but now, uncertain what to do next, they simply form a human barrier of their own. This moment of thrilling action followed by deep uncertainty captures a central dilemma of our time. Why do so many passionate movements for change seem to fizzle out, achieving symbolic victories but little lasting impact?
In their book Inventing the Future: Postcapitalism and a World Without Work, authors Nick Srnicek and Alex Williams argue this isn't an accident. They diagnose a deep-seated paralysis in modern politics, where our vision for the future has been cancelled. They contend that we are trapped, using outdated political tools that are no longer fit for purpose, and that to build a better world, we must first understand why our current methods are failing and then forge a new, more ambitious path forward.
The Left is Trapped by 'Folk Politics'
Key Insight 1
Narrator: Srnicek and Williams argue that contemporary leftist and progressive movements are hindered by a set of intuitive but ultimately ineffective habits they call "folk politics." This isn't a formal ideology but a political common sense that prioritizes the immediate, the local, and the unmediated. It’s a politics that feels authentic and tangible—a local protest, a community garden, a direct-democracy assembly—but it is fundamentally outmatched by the vast, abstract, and complex systems of global capitalism.
The Occupy Wall Street movement serves as a prime example. It was incredibly successful at raising awareness about economic inequality and creating temporary, prefigurative spaces that embodied a different set of values. However, its strict adherence to horizontalism, its rejection of leadership, and its refusal to make concrete demands ultimately limited its power. It created a powerful moment but couldn't translate that energy into a lasting political force capable of enacting structural change. Similarly, local anti-fracking movements might win a battle to stop a single drilling site, a real and important victory for that community. Yet, they are often overwhelmed by a national energy policy that continues to promote fracking on a massive scale. Folk politics, the authors argue, leads to a cycle of fleeting, defensive struggles that leave the larger structures of power untouched.
Neoliberalism Succeeded by Rejecting Folk Politics
Key Insight 2
Narrator: To understand why folk politics fails, it's essential to see how its opposite succeeded. The authors analyze the rise of neoliberalism not as an inevitable economic evolution, but as a deliberate, long-term political project. In the mid-20th century, when Keynesianism was the dominant consensus, a small group of intellectuals like Friedrich Hayek and Milton Friedman formed the Mont Pelerin Society. They knew their free-market ideas were on the fringe.
Instead of staging local protests, they played a long game. They built a powerful ideological infrastructure, creating a global network of think tanks, funding academic positions, and patiently working to change the "common sense" of elites—journalists, politicians, and academics. They didn't focus on immediate, tangible wins. They focused on building a coherent worldview and having it ready for a moment of crisis. When the stagflation of the 1970s hit and Keynesianism faltered, their ideas were "lying around," ready to be adopted. This strategic, patient, and global approach is the antithesis of folk politics, and it's how neoliberalism successfully transformed the world.
The Future Must Be Reclaimed Through a New 'Left Modernity'
Key Insight 3
Narrator: For decades, the language of the future—of progress, modernization, and innovation—has been co-opted by the right. Margaret Thatcher, for instance, masterfully framed her radical privatization and deregulation policies in the UK not as a return to the past, but as a necessary "modernization" to build a dynamic future. The left, in response, often became defensive, nostalgic, or skeptical of grand narratives altogether.
Srnicek and Williams argue this is a strategic error. The left must reclaim its historical orientation towards the future and articulate its own vision of modernity. This "left modernity" would be built on three pillars. First, a new understanding of progress, not as an inevitable march of history, but as a goal to be fought for. Second, a commitment to a new, inclusive universalism that can unite diverse struggles against the truly global force of capitalism. And third, a robust concept of "synthetic freedom"—the idea that true freedom isn't just the absence of coercion, but the material capacity to act. A formal right to free speech is meaningless if you're struggling to find food and shelter. This requires providing the resources, from education to technology, that allow people to actually build the lives they choose.
The Central Crisis of Our Time is the End of Work
Key Insight 4
Narrator: The foundation for this new future must be built on an understanding of the central crisis of contemporary capitalism: work itself is breaking down. Historically, capitalism functioned by dispossessing people of their land and means of subsistence, creating a proletariat dependent on selling their labor for a wage. But the system has always produced a "surplus population"—people who are left unemployed or underemployed.
Today, this process is accelerating dramatically. Automation is no longer just affecting routine manual jobs; it's coming for cognitive, non-routine work as well. We see the symptoms everywhere: in "jobless recoveries" where GDP grows but employment doesn't, in the rise of precarious gig work, and in the explosion of urban slums filled with people shut out of the formal economy. The authors argue that capitalism is becoming increasingly incapable of providing jobs for everyone. This crisis, while terrifying, also presents an opportunity to imagine a world no longer defined by wage labor.
The Four Demands for a Post-Work World
Key Insight 5
Narrator: To build this new world, the authors propose four bold, interconnected demands that function as "non-reformist reforms"—reforms that don't just patch up the existing system but begin to build a new one.
First, full automation. Instead of fearing it, the left should demand the acceleration of automation to liberate humanity from drudgery. Second, a radically shorter working week, with no loss in pay, to share the remaining work more equitably and give people more free time. Third, a Universal Basic Income (UBI), providing every citizen with enough to live on, unconditionally. This would sever the link between survival and work, giving workers immense bargaining power.
Finally, and perhaps most difficult, is the demand to dismantle the work ethic. The authors point to the failure of a UBI proposal in the US in the 1970s. It failed not for economic reasons, but because of a deep-seated cultural belief that work is morally virtuous and that those who don't work are undeserving. Overcoming this ideology is crucial for any post-work future to succeed.
The Strategy is to Build a New Power
Key Insight 6
Narrator: Achieving these demands requires a new political strategy. It's not enough to have good ideas; the left must build the power to implement them. This involves learning the lessons of the neoliberals and launching a counter-hegemonic project to create a new "common sense." This requires three things. First, building a broad, populist movement that can unite the diverse victims of the current system—the precarious worker, the indebted student, the unemployed—against a common opponent.
Second, fostering a healthy ecosystem of different organizations—from media outlets and think tanks to political parties and unions—that can divide the labor of changing society. Third, it means repurposing technology for social good. The Lucas Plan from 1970s Britain provides a powerful, if ultimately unsuccessful, example. Workers at an aerospace company, facing layoffs, drafted a detailed plan to retool their factories to produce socially useful things like renewable energy systems and medical equipment, instead of military hardware. This is the kind of imaginative, strategic thinking needed to build a future beyond capitalism.
Conclusion
Narrator: The single most important takeaway from Inventing the Future is a direct challenge to the political status quo: the left must stop mourning the past and start building the future. This requires a fundamental shift away from the comfortable but ineffective habits of folk politics—the small-scale, reactive, and localized struggles—and toward a grand, ambitious, and strategic project aimed at building a new global hegemony. It means thinking like the neoliberals in terms of scale and long-term strategy, but for the goal of universal emancipation.
The book leaves us with a profound and challenging question. It argues that building a new world is a risky, contingent, and messy process that will inevitably create its own new problems. The most difficult task, then, may not be imagining a perfect utopia, but finding the courage to start building an imperfect future. What is the first step we can take, not just to resist the present, but to begin constructing the common sense of a world without work?