· 2020· Book chapter
Capital: A Critique of Political Economy
- 9,951citations
- 2020year
Short summary
Marx's unfinished Volume III of Das Kapital controversially argues that market economies are inherently doomed to worsening crises and eventual collapse, regardless of interventions.
AI-generated from the title and abstract; the full text is not read.
Key points
- Market economies are inherently unworkable and doomed to collapse.
- Capitalism will inevitably endure worsening, explosive crises.
- Interventions by capitalists, authorities, or philanthropists cannot prevent collapse.
- The end of capitalism is predicted to lead to a greater form of society.
AI-generated from the title and abstract; the full text is not read.
Abstract
Unfinished at the time of Marx's death in 1883 and first published with a preface by Frederick Engels in 1894, the third volume of Das Kapital strove to combine the theories and concepts of the two previous volumes in order to prove conclusively that capitalism is inherently unworkable as a permanent system for society. Here, Marx asserts controversially that - regardless of the efforts of individual capitalists, public authorities or even generous philanthropists - any market economy is inevitably doomed to endure a series of worsening, explosive crises leading finally to complete collapse. But he also offers an inspirational and compelling prediction: that the end of capitalism will culminate, ultimately, in the birth of a far greater form of society.
The authors' abstract, as published at the source., 2020 · DOI ↗
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Field: Sociology and Political Science
Sociology and Political ScienceSocial Sciences