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 […]
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 […]
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.
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.
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 […]
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