What “Jobless Recovery” Means in Capitalism (tags)
The phrase “jobless recovery” entered the capitalist lexicon in 2002. But since then nobody want to be associated with these phrase. Although a lot of economist tried to use this term as a byword. Still noboy want to own up to this infamous phrase. The term “jobless recovery “ had been associated with the terms of momentary statistical growth and corporate profits on books of accounts and in the stock market rather than in terms of production, employment and improvement of the people's living conditions.
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aware that during the march of history, one economic system, because of internal, irreconcilable contradictions, has been replaced by another until it too falls victim to similar contradictions.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.