What The Friends of The People Are, Part III, Part 11
Lenin goes on to describe how, as a result of competition, “savings” accumulate in the hands of the larger producers, which are then transformed into…
Post Covid Prices and Revenues - Interest Rates
Interest Rates
The first manifestation will be from interest rates, because increases in money supply take around two years to feed through into high…
How Capital Produces Capitalists and Capitalism, and Then Socialism - Part 13 of 13
Its, not literally true, therefore, that capital creates Socialism. It creates capitalists, and capitalism, and it also creates socialised capital, w…
How Capital Produces Capitalists and Capitalism, and Then Socialism - Part 12 of 13
The only secure basis of building Socialism, and of establishing a Workers State, is for the working-class to establish itself as ruling class, not i…
How Capital Produces Capitalists and Capitalism, and Then Socialism - Part 11 of 13
Lenin said if you take the economic content provided by monopoly capitalism and “a Soviet state, that is, a proletarian state, (and) you will have th…
How Capital Produces Capitalists and Capitalism, and Then Socialism - Part 10 of 13
The democratic control of the productive forces is not some secondary concern, but is fundamental, because without it, what exists is not Socialism, …
How Capital Produces Capitalists and Capitalism, and Then Socialism - Part 9 of 13
Capital creates capitalists, who collectively form a capitalist class, and the ideas that the operation of capital engenders become the dominant idea…
How Capital Produces Capitalists and Capitalism, and Then Socialism - Part 8 of 13
Capital itself, thereby brings about the social revolution that creates the productive relations, and social relations of socialism, but this is only…
How Capital Produces Capitalists and Capitalism, and Then Socialism - Part 7 of 13
Commodity production then leads to competition, which means that certain individuals are privileged in this competition, and prosper, whilst others a…
How Capital Produces Capitalists and Capitalism, and Then Socialism - Part 6 of 13
As Lenin points out, if you want to change that mode of production it cannot be done simply by demanding that the state goes down some alternative pa…
How Capital Produces Capitalists and Capitalism, and Then Socialism - Part 5 of 13
Capital is not created by capitalists. Capitalists are created by capital. As soon as peasants and petty producers begin to produce commodities, a pr…
How Capital Produces Capitalists and Capitalism, and Then Socialism - Part 4 of 13
Marx had discerned that the existing form of property, feudal landed property, which gave rise to a landed aristocracy as ruling class, had been supp…
How Capital Produces Capitalists and Capitalism, and Then Socialism - Part 3 of 13
The biologist has no judgement about whether the lighter or darker moth is better or worse than the other. They simply acknowledge the reality that e…
How Capital Produces Capitalists and Capitalism, and Then Socialism - Part 2 of 13
So, although Marx and Engels saw their theory as being of the same type of materialism as Darwin's theory of evolution, they rejected the use of …