Source: Smith, Tony (2013) The ‘General Intellect’ in the Grundrisse and Beyond. In: In Marx’s Laboratory. Critical Interpretations of the Grundrisse, Leiden: Brill.
“I believe Virno and Vercellone understate the role of the general intellect in the era extending from the first Industrial Revolution to Fordism, while overstating its flourishing in contemporary capitalism. But they are surely correct to stress how mass-intellectuality has become increasingly important as a productive force. Does this development push Marx’s theory of value into the trash heap of outdated theories? Not if the main form of social organisation continues to be the dissociated sociality of generalised commodity-production. Not if social reproduction continues to be mediated by the circulation of things, that is, the sale of commodities for money. And not if social reproduction continues to centre on the reproduction of the capital/wage labour relation. All these things continue to define global capitalism today. As long as value-relations are in place, the accomplishments of diffuse intellectuality will tend to be either appropriated by capital as another sort of ‘free gift’ (as occurs, for example, when corporations make use of ‘open-source’ computing code), or else pushed to the margins of social life. Marx’s value-theory will retain descriptive accuracy and explanatory power as long as this remains the case. To comprehend the production of wealth we must indeed take into account mass intellectuality, and grant it increasing importance vis-à-vis simple labour. But this has little to do with Marx’s theory of value, at least not with the most satisfactory all-things-considered interpretation of that theory.”
See also: Is Socialism Relevant in the “Networked Information Age”? A Critical Assessment of The Wealth of Networks.