Daily Archives: March 2, 2014

A few characteristics of contemporary capitalism

1. The great recession:

The inherently chaotic, crisis-prone nature of capitalism was a key part of Marx’s writings. He argued that the relentless drive for profits would lead companies to mechanize their workplaces, producing more and more goods while squeezing workers’ wages until they could no longer purchase the products they created. Sure enough, modern […]

By |March 2nd, 2014|Culture, Economics, Society|0 Comments
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