Continuing our Introduction to Marxism series, STEVE SCORE looks at the economic processes that operate under capitalism, a system of cyclical crises and contradictions which defies rational planning to meet society’s needs.
We live in a world where historically undreamt-of wealth exists, where technology has been developed in a way that was only envisaged in science fiction, where enough food, shelter and the basics of life could be generated to satisfy the needs of every person on the planet.
Yet in this capitalist world a great many people suffer hunger, malnutrition and preventable disease, and can’t get clean water or decent housing. Even in the richest countries millions live in poverty and insecurity. It is also a world where the methods of capitalist production are unnecessarily destructive of the environment.
Despite the aspirations of capitalist governments and hundreds of years of study by pro-capitalist economists it is crystal clear that they have no control over the economy and its repeated economic crises. Crisis is built into the DNA of capitalism.
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