[Marxism] How capitalism works

2018-10-09 Thread Philip Ferguson via Marxism
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According to economics.about.com, “In every economic system, entrepreneurs
and managers bring together natural resources, labor, and technology to
produce and distribute goods and services.” They do qualify this by
claiming, “But the way these different elements are organized and used also
reflects a nation’s political ideals and its culture.” (They also note
Marx’s description of a capitalist economy as one in which a small group of
people who control wealth make the key economic decisions.)

It’s important to understand that the idea that every economic system has,
or requires, “entrepreneurs and managers” in order to operate is factually
wrong. For most of the time that human beings have existed we lived in
collective societies, without entrepreneurs and managers. Different social
classes only arose about 10,000 years ago and it’s only in the past few
hundred years that capitalism has been the dominant global system. Facts,
however, have never been allowed to get in the way of capitalist ideology –
that is, the set of ideas which seek to justify the present system and
usually do so by making it appear that capitalism is ‘natural’ and eternal.

Capitalism, however, is neither. It arose at a particular point in time,
due to particular circumstances. Ultimately, it was a product of human
action and can be abolished by human action too. . .

full at:
https://rdln.wordpress.com/2011/07/21/how-capitalism-works-and-doesnt-work/
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[Marxism] How capitalism works and why, ultimately it doesn't

2017-08-31 Thread Philip Ferguson via Marxism
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Interestingly, the text of this was used in handout form, accompanied by
slides, for a trade union training day.  I also used to run courses using
the same material for the Workers Educational Association, the oldest
adult/community education institution in Christchurch (New Zealand).
People might find it useful.

https://rdln.wordpress.com/2011/07/21/how-capitalism-works-and-doesnt-work/
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[Marxism] How capitalism works and doesn't work

2016-02-21 Thread Philip Ferguson via Marxism
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According to economics.about.com, “In every economic system, entrepreneurs
and managers bring together natural resources, labor, and technology to
produce and distribute goods and services.” They do qualify this by
claiming, “But the way these different elements are organized and used also
reflects a nation’s political ideals and its culture.” (They also note
Marx’s description of a capitalist economy as one in which a small group of
people who control wealth make the key economic decisions.)

It’s important to understand that the idea that every economic system has,
or requires, “entrepreneurs and managers” in order to operate is factually
wrong. For most of the time that human beings have existed we lived in. . .


https://rdln.wordpress.com/2011/07/21/how-capitalism-works-%E2%80%93-and-doesn%E2%80%99t-work/
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[Marxism] How capitalism works and why, ultimately, it doesn't

2015-07-09 Thread Philip Ferguson via Marxism
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A brief trip through class societies to capitalism and how capitalism works
and its internal contradictions and limitations:
https://rdln.wordpress.com/2011/07/21/how-capitalism-works-%E2%80%93-and-doesn%E2%80%99t-work/
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