Potential abundance (2026)

Book Review from the April 2026 issue of the Socialist Standard

Abundance. How We Build a Better Future. By Ezra Klein and Derek Thompson. Profile Books. 2025. 289pp.

The August 1970 edition of the Socialist Standard was a special issue with the phrase ‘A World of Abundance’ emblazoned across its front page. It featured a series of articles seeking to demonstrate how humankind already had the knowledge, the resources and the technology to produce an abundance of the things needed by all the people in the world but how their use and development were being held back by the economic and social restrictions of our present profit-based system of society – capitalism. How much truer this is now – more than 50 years on – given the vast further advances in knowledge and technology. Yet the same system still grinds on failing to use its potential and resources to satisfy everyone’s needs and instead condemning vast swathes of people to live in poverty, most others to get by on the insecurity of one month’s pay to the next, while permitting a tiny minority to enjoy untold amounts of wealth which they will always seek to increase.

So any discussion of this phenomenon or proposal to remedy it, such as promised by the title of this book by the two well-known American journalists Ezra Klein and Derek Thompson, can only be welcomed. This is especially the case as the book’s back cover is unequivocal in the view it expresses: ‘We have the means to build an equitable world without hunger, fuelled by clean energy. Instead, we have a politics driven by scarcity, lives defined by unaffordability.’ What’s not to like about such a statement?

More specifically the book’s authors allow themselves to imagine a breathtaking future in which, for example, climate change can be reversed by removing carbon dioxide from the air, overuse of land for growing crops and feeding animals can be remedied by ‘vertical greenhouses which feed far more people while using far less land’, and technology will permit ‘an economy with robots that build our houses and machines that take on our most dangerous and soul-draining work’. They consider furthermore that, with appropriate and effective use of sun and wind in particular, humanity has ‘the gift of abundant energy’ and, contrary to advocates of ‘degrowth’, is capable, if it uses that gift correctly, of supporting its current population (and more) without exacerbating ecological breakdown.

August 1970 Socialist Standard

Yet, despite such radically invigorating leaps of the imagination and the words ‘abundance and ‘better future’ in the title of this book, anyone thinking that the authors’ proposals for building that future will involve radically changing the society that currently exists so as to make that abundance available to all is in for a disappointment. That is not what they are calling for. Their quest rather is to explore the ways in which what they see as the bureaucratic excesses of capitalism can be reduced to make that system run more efficiently and less wastefully and thereby provide a somewhat better, somewhat less unequal system for most people.

They back this up with an admirable wealth of information, evidence and documentation. They have thoroughly immersed themselves in the details of capitalist organisation (especially in the US), thereby putting themselves in a knowledgeable position to critique its waste and inefficiencies on what might be called a micro level. But it is not their purpose to go any further than this, for example to challenge the system’s underlying profit imperative or to consider whether the best (or only) way of realising the potential for equality and abundance is a complete change of social organisation.

To be fair, however, the authors’ efficiency and anti-waste agenda is at least aimed at suggesting ways in which the existing system can, at least as they see it, be made ‘more equal’. So they are writing from what might be called a humanitarian perspective, looking for what they see as practical forms of adjustment to the system – ways, for example, of providing homes for the homeless, of making poor people less poor and of providing easily accessible healthcare. Most of this they consider achievable through state intervention in the economy, which they hope can lead to a fairer distribution of wealth and to more people having decent living standards, even if this means ‘fettering’ some producers’ ‘obsession with profit’.

The trouble is that experience in many different countries has shown that governments cannot ignore or overcome the economic laws of capitalism and its market and, if they try, via reforms of one kind or another, the success they have is limited. And if they go too far, this can trigger reduced investment leading to economic crises, recession and unemployment, leading them to change policies or be voted out of office. The simple fact is that, however governments may try to release the potential abundance that technology promises, the system presents them with insurmountable obstacles, since by its nature it cannot be redirected from profit-seeking to meeting people’s needs.

So, the limits of this book’s ambitions are clear to see, shot through as it is with acceptance of the status quo, of the system of working for wages and salaries, of buying and selling, of governments and governed, and of division of the world into those competing economic units known as nations. In stating that they would like to see us ‘align our collective genius with the needs of the planet and each other’, Klein and Thompson are certainly proposing an admirable goal. But it is one that can only be achieved after capitalism has been abolished and society reorganised on the basis of the common ownership and democratic control of the earth’s natural and industrial resources.

Howard Moss