The pace of business rationalization has accelerated to such an extent that in the core sectors of world market production, fewer and fewer workers are needed despite growing output of goods. Thus, the development of productive power has reached a point at which it makes absolutely more labor superfluous in each period.
The true costs of capitalist wealth (tags)
What drives the capitalist mode of production is the endless compulsion to increase abstract wealth, or, put more simply, the compulsion to turn money into more money... Society is richer than it knows, because it does not take all kinds of wealth factors into account in GDP.
Workout. The Crisis of Labor and the Limits of Capitalist Society (tags)
The Third Industrial Revolution represents a qualitative break in the history of productivity growth. This is because microelectronics facilitated a radical reorganization in production overall such that labor lost the central importance that it previously had and the application of knowledge became the main force.
From senseless working to senseless learning (tags)
Up to the threshold of modern times, work - as the traditional term for externally determined action(!) - had been perceived from the perspective of the biblically mediated, divine curse. It was regarded as a bitter necessity imposed on people.
COVID-19 and Catastrophe Capitalism (tags)
The scale of the coronavirus pandemic and its consequences on world accumulation are unprecedented, with the global economic costs still increasing. At the end of March, some three billion people on the planet were in lockdown or social-distancing mode.36
The Market is a Universal Totalitarian Religion (tags)
The market accepts and rejects like a Calvinist God. The market only promises itself. Its highest good is the economic boom. The market theocracy makes this side into something otherworldly. The cult of money and the commodity eclipses all its predecessors.
Housing is not just another commodity (tags)
Like food, clothing, health, and education, housing is an elementary need. On'e apartment is a place of retreat of the private person, a protective- and creative space of inviolable identity, Long-term low-interest housing tax credits & SROs, are alternatives to indifference.
Oil Prices: What Goes Around Comes Around (tags)
oil
Where does profit come from? (tags)
The work of employees, who are paid only a fraction of the value that they produce, is the source of profits for capitalists. Those astronomical salaries and bonuses enjoyed by executives and speculators come on the backs of the company’s employees.
Engels on Capital and Surplus Value (tags)
Review of the chapters on Capital and Surplus Value in Engels' book Anti-Dühring showing the contemporary relevance of Marxist theory.
Ecological Justice Instead of Growth Economy for the Rich (tags)
"Now the market, the god of neoliberals, cannot help any more and speculators cry for the already instrumentalized state.. Studying pre-capitalist approaches is vital to develop a post-capitalist vision. The vision of the Bible is an economy of enough for all, an economy for life."
TO REALIZE OUR SITUATION AND OVERCOME IT (tags)
HIERARCHY, COMMODITY, MONEY, THE NATION-STATE, are not mere social institutions. They are DOCTRINES OF A SECULAR RELIGION. The believers are the overwhelming majority of people...
Full Speed Against the Brick Wall (tags)
Massive capital has streamed into the raw material sector and crude oil. When we leave the market to speculators, panic rules. The economy falls into a double crisis-out of scarce raw materials and energy and falling profit rates and mass demand.
From the Market of Religions to the Religion of the Market (tags)
The democratic order became concrete as a form of the market. While a secular state forms around the market, the market ceases being merely profane. The market as a fate religion accepts and rejects like a Calvinist God,
A Short Introduction to Marx's Das Kapital (tags)
Marx’s analysis of capitalism, unlike bourgeois accounts, is conducted from a historical perspective. In other words, Marx was keenly aware that during the march of history, one economic system, because of internal, irreconcilable contradictions, has been replaced by another until it too falls victim to similar contradictions. Of course, when one is born and matures within a single economy and lacks knowledge of any other system, one tends to take one’s own for granted, believing that it will persevere forever. A historical perspective has the advantage of forcing us to rise above the provincial perspective that assumes economic systems are eternal. We survey from above the vast array of systems that have played their fleeting role on history’s stage. For this reason, Marx’s analysis of capitalism is specifically written with the purpose of unveiling its inner contradictions so that the possibility of its demise stands boldly in relief. This runs directly opposed to bourgeois portrayals of capitalism as “natural” and hence as unalterable as the law of gravity itself.
What is good for the economy and what is good for people diverge more and more! Nevertheless the opposite is drummed into people..Capitalism only knows the irrational end-in-itself, making more money out of money until the end of time. Capitalism strikes its own limits.
The rage of the residents of Soweto is directed against the installed meters.. The first mammoth prepaid water project started in 1992 under Margaret hatcher.. The water suppliers cynically described this as "self-disconnect."
The High Cabal's Economic War Against the World (tags)
Money, money power, and the Federal Reserve Swindle/Scam are fundamental to the Bush Junta's operations. They are after all petty and venal people whose primary interests are money and power. "Know the truth and it shall set you free."