Capital: A Critique of Political Economy, Volume 3 (UK by Karl Marx

By Karl Marx

Unfinished on the time of Marx's dying in 1883 and primary released with a preface by way of Frederick Engels in 1894, the 3rd quantity of "Das Kapital" strove to mix the theories and ideas of the 2 earlier volumes on the way to turn out conclusively that capitalism is inherently unworkable as an everlasting process for society. the following, Marx asserts controversially that - whatever the efforts of person capitalists, public specialists or maybe beneficiant philanthropists - any marketplace economic system is unavoidably doomed to suffer a chain of worsening, explosive crises prime ultimately to accomplish cave in. yet he additionally deals an inspirational and compelling prediction: that the tip of capitalism will culminate, finally, within the delivery of a much higher type of society.

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Collected Works, Volume 9: Marx and Engels 1849

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Extra resources for Capital: A Critique of Political Economy, Volume 3 (UK Edition)

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What Is a “Capitalist”? In any economic system human beings interact with nonhuman nature to produce the goods and services that human beings desire. Human labor utilizes nonhuman means of production to generate products. The laws and customs that govern the relationships among these three entities (human labor, means of production, and products) constitute the economic structure of a given society. A capitalist society is characterized by three basic features: • The bulk of the means of production are privately owned, either directly or by corporations that are themselves owned by private individuals.

It is this spirit, arrogant and triumphant, that now stalks the earth. It appears to us in various forms. It appears as “consumer society”—vaguely disquieting but infinitely alluring. More astonishing than grace, invisible waves project the sounds and images of commodity happiness to all but the remotest regions of the globe. Great temples to this spirit—shopping malls that dwarf in size (and attendance) the cathedrals and mosques of earlier epochs—have spread from capitalism’s heartland to almost every country of the world.

This ethic may be particularly appropriate to the counterproject. It is not so much needed to ground the argument for Economic Democracy, although it can serve that purpose—as can most other contemporary ethical theories. But successor-system theory is also about transition, about actually getting beyond capitalism to a better world. 23 • Poverty. I will consider the question of poverty, both in affluent societies and poor countries. I will propose a full-employment policy as the basic solution to poverty in both rich and poor countries—a policy (as we shall see) that cannot be enacted under capitalism.

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