The material and technical prerequisites for transforming labor into a determinant of socio-economic development

Abstract

This article examines the reasons (factors and conditions) for labor liberation and capital liberation, or, in other words, returning the production factor "capital" to the production factor "labor" functions, ensuring the rational use in the economy of labor and capital, which lie on the side of technology applied in various economic activities. The technical reasons are considered, both forcing businesses to return the functions of free labor and free capital to employees when such returning is a condition for increasing business efficiency as a result of introducing new technology, and creating more favorable conditions for returning these functions when it occurs for other reasons. The technical reasons that create more favorable opportunities for employees to turn to self-employment on their own initiative are indicated. The technical and organizational prerequisites for accelerating the process of capitalists returning relevant functions to employees due to favorable changes in the structure of the economy, in particular due to an increase in the share of individual services in the economy, have been identified. It is emphasized that historically, the most important reasons for both liberation and enslavement of labor and capital were socio-political factors.