Capitalism
A mode of production in which the private ownership of the means of production predominates, and under which the only logic of production is the generation of profit AKA surplus […]
Tag: modes of production
Capitalist state
Any state which operates as a class dictatorship of the bourgeoisie. The bourgeois republic is one form of a capitalist state. The fascist dictatorship is another form of capitalist state.
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.
Commodity production
A mode of production that underlies the modern capitalist economic model. Commodity production is an economic relation that relies on: 1. the existence of wage labor; 2. the […]
Feudal, feudalism
A mode of production distinguished by the distribution of land in fiefs or feods, agricultural production, serfs tied to the land. In essence, the feudal mode of production was […]
Industrial capitalism
The particular form of capitalism that emerged in the 19th century from the earlier, mercantilist system. Industrial capitalism was the most mature form of capitalism at the time of Karl […]