Sunday, 15 September 2013

From 'The Origins of Capitalism: A Longer View' by Ellen Meiksins Wood

"Marxists advocate bourgeois revolution to break the fetters of feudalism. Capitalist market is only the most advanced form of exchange. Industrialization was the inevitable outcome of human instincts.

Cyclical recessions and meltdowns are inbred in capitalism. Capitalism recovers from recurrent crisis at the cost of suffering of hundreds of millions of people.

Human labor is a commodity for sale. Bulk of work is done by property less laborers who create profit for those who purchase their labor.

The capitalists exercise control by financing the election campaigns, obliging the officials to do their bidding, purchasing the media so people hear only what they want them to".

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