Marx's Theory of Economic Crisis

A short explanation of why the world economy is in a mess, from Karl Marx.
Read by me, Cliff Bowman.

Category:

News & Politics

Tags:

• crisis
• credit
• crunch
• marx
• marxism
• Cranfield
• Cliff
• Bowman
• economy
• economic
• Karl
• moneygeddon

[Vict0r1984]

a half people who live under capitalism in India, Indonesia, China, the middle east, Africa and South America barely survive, and you want a system which would work better than capitalism? Just look around you to see the disaster it creates! Capitalism is "the best economic system" only if you are an arrogant animal-like human who is controlled by the instincts of greed and hunger for power and who doesn't care that others starve for his wealth or that his grandchildren will die in radiation or

[Vict0r1984]

an intoxicated atmosphere.

[OverlordSzymmy]

@HavidDagstrom I agree. :)

[Asianboy7ful]

How bout kings and queens? I don't mind being a peasant rather than being forced to be pressured by economic failure. Correct me if I'm wrong. ;)

[HavidDagstrom]

@worldchangeNOW2012 It wouldnt be the same gov moron, it would be a new state altogather. Change will never come from above, history has shown that, and real change has to be forced on the bourgeois by a struggle by the toiling masses.

[qhack]

@HavidDagstrom Farms that sell to larger farms do so because they see a better profit in not continuing to fail. There is nothing wrong with that.

Living on a farm appeals to many. Obviously not you. But for those who do, we enjoy the life style it provides.

If I grow corn and another farmer grows wheat and we trade, then both of us have profited at the expense of the other.

[HavidDagstrom]

@qhack but how long is it untill your small familly farm goes out of buisness and sells the land to a larger farm? Btw who wants to live on a substanance farm? You can obviously trade what you make for other things you want, however neither side in a transaction has any right to profit at the others expense.

[Vict0r1984]

freeing them, and Marx had nothing at all against private property obtained by your personal labor either! Stalin's revisionism implemented agricultular collectivization, and yes, it was slavery, just like working in a western factory, where more than 50% of the value produced by your labor was going straight to the pockets of the entrepreneurs, was slavery...

[Vict0r1984]

@qhack: Oh yes, the old argument about private property... Did you ever read the communist maniesto? If you did, you would know that Marxism is not against earning profits by trading the products of your own labor (a.k farmers who grow food on their own, little family businesses and worker cooperatives), but it is against trading the products of other's people labor! Lenin actually gave the lands of the exploitative aristocrats to the people who were working on them as dependent peasants, thus

[qhack]

@Vict0r1984 Ah, yes, the old "each according to their needs" argument. Tell me, who determines my needs? Me, or the state? As a farmer, under Communism, there is no incentive for me to grow more than I need for my family to survive. With Capitalism, I have the incentive to grow more so that I may trade for other goods and services. If the state determines my needs, then they have to force me to grow more and that would be slavery.

[SFIII8510]

@crazieeez I'm assuming you're speaking of the Socialist Revolution and the proletariat seizing the capital of the Bourgeoise. The point of wresting the controlling government of its capital is that they are in fact corrupt and guilty of high treason, and are not worthy of rights. As such, the wealth wrested is appropriated by the people, the Vanguard party would receive funds sufficient for it to govern and the remainder distributed among the state. Basically...people get their money back.

[LudicrousBarchart]

@worldchangeNOW2012 Cool Story Bro.

Let me just forward your comment to some NHS neurosurgeons, my dentist, all the highly trained engineers working in the public sector and all the people that are keeping the water, electricity and internet access working in my house.

Great example with the railroads though, the fact that Railtrack was terrible, then imploded and had to be bailed out by... the public, and Network Rail is a hugely expensive failure-in-progress really helps your argument.