Tag: basic terms
Capitalist
Another word for an “owner,” that is, a member of the bourgeoisie; i.e., someone who owns capital but does not support themselves through their own labor.
Class dictatorship
(see also, state) This is the term used to describe the situation wherein a single class obtains and maintains control over political power. All states are class dictatorships – […]
Commodity
Any product made with the intention of exchanging it to realize surplus value, rather than made for use (use value). Commodity production is the basis of the modern capitalist economy.