afaq

warning: Creating default object from empty value in /home1/realniag/public_html/pageabode/modules/taxonomy/taxonomy.pages.inc on line 33.
Anarchist FAQ author

C.7 What causes the capitalist business cycle?

C.7 What causes the capitalist business cycle?

The business cycle is the term used to describe the boom and slump nature of capitalism. Sometimes there is full employment, with workplaces producing more and more goods and services, the economy grows and along with it wages. However, as Proudhon argued, this happy situation does not last:

C.6 Can market dominance by Big Business change?

C.6 Can market dominance by Big Business change?

Capital concentration, of course, does not mean that in a given market, dominance will continue forever by the same firms, no matter what. However, the fact that the companies that dominate a market can change over time is no great cause for joy (no matter what supporters of free market capitalism claim). This is because when market dominance changes between companies all it means is that old Big Business is replaced by new Big Business:

C.5 Why does Big Business get a bigger slice of profits?

C.5 Why does Big Business get a bigger slice of profits?

C.4 Why does the market become dominated by Big Business?

C.4 Why does the market become dominated by Big Business?

As noted in section C.1.4, the standard capitalist economic model assumes an economy made up of a large number of small firms, none of which can have any impact on the market. Such a model has no bearing to reality:

C.3 What determines the distribution between labour and capital?

C.3 What determines the distribution between labour and capital?

In short, class struggle determines the distribution of income between classes (As Proudhon put it, the expression "the relations of profits to wages" means "the war between labour and capital." [System of Economical Contradictions, p. 130]). This, in turn, is dependent on the balance of power within any given economy at any given time.

C.2 Why is capitalism exploitative?

C.2 Why is capitalism exploitative?

C.1 What is wrong with economics?

C.1 What is wrong with economics?

In a nutshell, a lot. While economists like to portray their discipline as "scientific" and "value free", the reality is very different. It is, in fact, very far from a science and hardly "value free." Instead it is, to a large degree, deeply ideological and its conclusions almost always (by a strange co-incidence) what the wealthy, landlords, bosses and managers of capital want to hear. The words of Kropotkin still ring true today:

C.0 Section C Introduction

Section C - What are the myths of capitalist economics?

Within capitalism, economics plays an important ideological role. Economics has been used to construct a theory from which exploitation and oppression are excluded, by definition. We will attempt here to explain why capitalism is deeply exploitative. Elsewhere, in section B, we have indicated why capitalism is oppressive and will not repeat ourselves here.

B.7 What classes exist within modern society?

B.7 What classes exist within modern society?

For anarchists, class analysis is an important means of understanding the world and what is going on in it. While recognition of the fact that classes actually exist is less prevalent now than it once was, this does not mean that classes have ceased to exist. Quite the contrary. As we'll see, it means only that the ruling class has been more successful than before in obscuring the existence of class.

  


Like what you are reading?  Get a notification whenever we post a new article to

Anarchist Writers via Facebook or Twitter

where you can also like and comment on our articles


 

Syndicate content