Category: Of Capitalism
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An Introduction To The Labor Theory of Value
Basic Terminology and Theory To understand capitalist society, we must understand its most basic unit, the commodity. Commodities have use value and value; they can also only be obtained by exchange, so if a good can be made by anyone without exchange, it is not a commodity, so it has no real value (regardless of…
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Political Economy and Capitalism
Adapted from an in-progress book Political economy, or specifically the study of it, is the subject that bourgeois (capitalist) academics call “economics” to hide the real political nature of this topic. The political economy actually uses dialectical materialism to explain the nature of society. There are many contradictions within each economy, and these contradictions get…