Author Topic: Marx: How Capitalism Works and Why it Doesn't.  (Read 41 times)

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Richard Mellor

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Marx: How Capitalism Works and Why it Doesn't.
« on: December 15, 2017, 06:05:59 PM »
Marx: How Capitalism Works and Why it Doesn't.


Richard Mellor
Afscme Local 444, retired

I shared this on Facebook already but it's just too good not to put on our blog. This man is a professor of management, so you are getting a brief and extremely good look at the crux of Marx's view of the world in particular his analysis of the capitalist mode of production, how we produce the necessities of life, and it's from a non Socialist or non Marxist. This rational explanation is very different as Marx is generally demonized and approached with extreme bias.

Even though it is a simple explanation, I know for a fact that most workers will still have some difficulty. The point is though that we never understand something the first time we approach it, we have to study and learn and familiarize ourselves with terms that we have not heard before. I know about this because I've experienced it and even in this simplified version, when I see symbols and letters replacing numbers, I get a bit frazzled.

The important aspect of Marx's view of the world though is it is concrete. As workers, sellers of our labor power, our life activity over a period of time, we can understand it in a real living way as it reflects objective reality we experience in the struggle for our material well being through work.

It's best when entering a new subject, particularly one that is so distorted and misrepresented by the paid experts of those whose world view is threatened by our understanding of how society really functions, to discuss with others, trade ideas about it and questions about it. That is why Facts For Working People blog has a workers "think tank" in order to develop a well rounded understanding of the world around us in the face of massive propaganda from the mass media and the institutions of education that are controlled by capitalism. The ruling class has hundreds of think tanks. Here they develop an understanding of the world that suits their interests and then act on it.  If you are a worker that reads our blog regularly we have weekly phone discussions and if you are interested in joining us send us an e mail. The address is on the right. Or contact us on our FB page, also on the right.

But Marx believed that the working class was the only true revolutionary class, the class that can change society. He did not state "Academics of the World Unite" or "Ph.D's of the world unite". This doesn't mean that these groups or individuals from them that put their skill and expertise at the service of the working class in it's struggle to transform society, can't be allies and play important roles, they already have, look at Marx. Che Guevara was from the middle class and died in allegiance with workers and the poor. But the wage workers, the mass of the people on this earth, cannot be subordinated to the worship of the intellectuals.

It was Michael Roberts, the Marxist economist whose writings we  feature regularly on this blog who helped bring this to the attention of a  wider audience seeing it as an excellent explanation of the basics. In the video the presenter says that Marxist economists  would be "appalled" at the simplicity of his presentation. It is to Roberts' credit that he is not "appalled" but praising of it. He sees it correctly explaining the subject that is reachable to the very audience that must know it if capitalism's destruction of life on earth is to be halted and a democratic socialist society built.
Source: Marx: How Capitalism Works and Why it Doesn't.