For some time sociologists and philosophers have tended to label present day society “post-industrial” or “post-modern.” Understandable as the wish is to set off the present from the age of advanced capitalism, the terms selected are no less problematic. A new epoch is introduced before the question is even asked, let alone answered, as to how decisive current social changes are, and whether they require that a new epochal boundary be set. The term “post-modern,” moreover, has the additional disadvantage of (...) only naming the new period abstractly. There is an even more drastic disadvantage. Of course, deep economic, technical and social changes can be observed when compared with the second half of the nineteenth century, but the dominant mode of production has remained the same: private appropriation of collectively produced surplus value. (shrink)