Immiseration redux: " Secular Immiseration: On the Crisis and Future of Work ( 
https://eprints.lancs.ac.uk/id/eprint/233351/1/Secular_Immiseration_-_Alexis_Moraitis.pdf
 ) " by Alexis Moraitis, published online August 13, 2025 by Historical 
Materialism (the link is to a preprint). I came across this article because the 
author cites my 2021 article,  "The Ambivalence of Disposable Time: The Source
and Remedy of the National Difficulties At Two Hundred."

Abstract

This article engages with Marx’s mature critique of political economy and 
explores its relevance for understanding the crisis of work today. I consider 
the implications of Marx’s understanding of the relationship between machinery, 
labour and surplus populations for contemporary debates on automation’s impact 
on the future of work. Marx’s critique allows us to grasp how the capitalist 
application of machinery not only subjects the employment of people to 
permanent insecurity but crucially also tends to worsen their situation as 
capitalism matures. Runaway productivity growth produces a growing asynchrony 
between the expansion of capital and the demand for labour that secularly 
renders employment relations increasingly precarious and insecure. The article 
also considers some of the political stakes of Marx’s argumentation by 
exploring the tension between the increasing superfluity of labour and the 
emancipatory potential of disposable time.


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