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: political economy
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 analysis
The scientific and structural determination of class interests, founded in the material benefits that flow to a given social class based on the juridical, social, and economic structures in place […]
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 – […]
Class society
Any society or social order in which large groups of people are divided into social classes by economic, juridical, and social relations. That is, any society in which there is […]
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 […]