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Marxist Economic Theory

What is Capitalism

Much of the left today have abandoned Marx. Many people who are against certain aspects of capitalism snatch pieces of Marx to give themselves a progressive legitimacy but being anti-capitalist does not really say much. It only begs the questions: how do we describe capitalism and from what angle are we criticizing it?  Much of the Left chooses to divide capitalism between good and bad ones. They replaced Marx's criticism of capitalism with a host of reformist and even reactionary demands peddled under this name. Academics have tried to convert it into a scientific sociology or an alternative economic science for the left wing of the bourgeoisie. Pseudo-socialist presented workers with repulsive examples of despotic societies in the name of socialism, like the Soviet Union, China and Albania. The result is to alienate workers from communism and cut the connection between worker and communism.

 Terminology is important to discussion and bandying words around with…

The choice is ours to make

Marx’s motto was to “Doubt everything”.

In an age where the internet provides us with unlimited access to the direct sources there appears to be no limits to the misunderstanding and distortion of Marx. In books and articles there is continuous reference to Marx, attacking him from all sides for claims that he never made. Many critiques basically accuses Marx of a economic determinism which makes men puppets in the hands of economic forces and the Materialist Conception of History interpreted as economic determinism is found in a collection of Marx’s critics.

Marx’s approach to history is explained in his Preface to a Contribution to the Critique of Political Economy and in the Communist Manifesto. Marx’s scientific method was to proceed by simplifying concrete and complex manifestations into an abstraction, which becomes less and less complex until reaching the simplest conception. Then, by systematically adding complicating factors there is a return journey towards empirical realit…

Producers and Parasites

The only useful people today are those engaged in producing the wealth. It is they alone who must eliminate the parasites and usher in a new social order. The future of civilisation is in the hands of the producing class.

 Many other workers talk about “my job.” It is partly habit and partly belief that in some way or other it is their job. The job is regarded as a sort of fundamental right, but the truth of the matter is that the worker has not got a job. It is the other fellow’s job. The capitalist own the means of wealth production; therefore, they own the job. When the capitalists tells the workers to “get out” They are obeyed. The workers have to leave. They are obliged to leave “their jobs” behind. Dependence upon a job and the wages are the invisible chain that binds us to the machine cuts them to the quick. The workers must struggle to keep up their wages and to better their standard of living. In this struggle the odds are always against them and on the side of the capitalist…