Analysis of the Social System in Post-Capitalist Society

The ability to enhance productivity is pivotal in determining the success of a social system. Beyond scientific and technological advancements, productivity primarily hinges on workers' production enthusiasm and labour quality, the scale of production within each unit, and the pattern of resource allocation. Under given productive forces, the scale of production per unit is determined by the rate of exploitation imposed by owners upon labourers. As productive forces advance, new production models emerge. To boost productivity, the rate of exploitation diminishes, elevating the political and social standing of the populace, thereby giving rise to new social formations. Undifferentiated human labour constitutes the origin of goods value, while interest represents the outcome of value distribution. The risk-free rate approximates 20% of the average return on corporate assets. Goods prices in the market are primarily determined by supply, with the labour value of goods serving as the equilibrium point of supply—thus constituting the market's equilibrium price. The labour theory of value quantitatively explains the Equity Risk Premium Puzzle. The higher the automation level of enterprises, the lower the value of goods, and in the long run, the lower the profits of enterprises. After the highly developed productive forces in capitalist society, the vast majority of industries will become low-profit public infrastructure services, making it difficult for private entities to continue operating. Public ownership will replace private ownership. The future social structure will be a “communist society” characterized by public ownership and distribution according to need as the mainstay, supplemented by private ownership and distribution according to work under a free-market economy. In this “communist society” the state will persist, giving rise to a united human government where selfless dedication becomes the socially advocated moral standard. Under current productive forces, public ownership impedes both productive and economic development. Marxism is mistaken about the reasons and timing for the inevitable collapse of the capitalist system. Contemporary society faces issues such as welfare systems, nationalization, unified currencies, and China's economic and political structures.