![]() ![]() The following comes from Chapter 5: “Capitalist production, when considered in isolation from the process of circulation and the excesses of competition, is very economical with the materialised labour incorporated in commodities. They were convinced that only the curbing of the individual profit motive can lead to the end of the mass poverty and the destitution that was evident to Marx, Engels and many others concerned with the social inequities of civilisation continuing throughout history. ![]() In seven parts, Marx and Engels were determined to demonstrate that private property, competition and the market economy driven by the profit motive must lead to the demise of capitalism. Published in 1894, 11 years after the death of Marx himself, Capital Volume 3 was the product of the untiring and meticulous work of Friedrich Engels working from Marx’s outline and notes and carried the subtitle The Process of Capitalist Production as a Whole. After the detailed history and workings of the development of capitalism in Capital Volumes I and 2, Marx set out, in Capital Volume 3 to consider the future of capitalism, its direction and its inevitable fall from a series of crises and faults intrinsic to the system itself. ![]()
0 Comments
Leave a Reply. |