Karl Marx's Camel
21st January 2005, 13:30
What is, according to Marxists, the fundamental contradiction of capitalism?
RevolutionarySocialist MadRedDog
22nd January 2005, 14:01
The fact that it causes economic crises in which it time and time again starts attacks at the working class: this will eventually cause her downfall.
Essential Insignificance
25th January 2005, 04:05
What is, according to Marxists, the fundamental contradiction of capitalism?
Well, it's properly helpful and insightful to "categorize" -- the forces of that will, Marx believed, bring about the abolishment of capitalism in to, two classes, 1) the subjective factor and the other, 2) the objective factors.
The two are deeply intertwined.
We often hear bourgeois critics exclaim "triumphantly" that capitalism has "survived many economic crises/depressions"... and that the "future will resemble the past"... that capitalism as an profound capacity to "reform" and "modify" itself in the face of possible annihilation.
But nobody, can actuality content that since capitalism has survived a few minor crises here and there, it show as irrefutable proof, that it will survive anything challenged, either by external or internal forces, it in the future.
Marx thought that all of history of "hitherto class societies" was the history of struggles between distinctive social classes. Capitalism inherent perpetuation of competition and profit is the whole driving force behind it.
An in an effort to consulate regular, fixed profit and increase it -- as much as possible -- the capitalist must constantly improve and advance productive factors, in order, to ensue a great dominance and thus profit over the market.
The capitalist mode of production is able to grow in "leaps and bounds" -- because, and this is the defining characteristic of capitalism -- the capitalist is able to exploit the worker insofar that he is able to accumulate wealth, deprived for the labor-power of him.
The worker is able to work "above and beyond' the necessary-labor that is required to produce and reproduce the workers labor-power.
And this is where accumulation of profit begins. And some of the profit deprived, must go to be invested to the "ever evolving" and advancing of the means of production, in order to either gain additional profit or simply "stay a float".
Marx thought that over-time (unspecified, of course) capitalists would begin to invest an increasing amount of profit in to new, and more productive technologies, and therefore, "less and less" in labor.
Now this is where the contentious assumption begins: Marx thought that surplus-vaule appropriated by the capitalist class come solely from the productive labor-power of the working class.
He therefore, logically, thought that the "rate of profit" would steadily fall and fall, until... the result was a recession or depression.
Which would "eventually" lead to proletarian revolution, and thus proletarian domination!
So there you go!... the "fundamental contradiction of capitalism".
Can you identify what different forces are "objective" and "subjective"?
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