On May 5th, 1818, Karl Marx, hero of the international proletatiat, was born. His revolution of Socialist theory reverberates throughout the world carries on to this day, in increasing magnitude. Every passing day, he is vindicated. His analysis of Capitalism, development of the theory of Scientific Socialism, and advancements on dialectics to become Dialectical Materialism, have all played a key role in the past century, and have remained ever-more relevant throughout.
He didn’t always rock his famous beard, when he was younger he was clean shaven!
Some significant works:
Economic & Philosophic Manuscripts of 1844
The Eighteenth Brumaire of Louis Bonaparte
Critique of the Gotha Programme
Manifesto of the Communist Party (along with Engels)
And, of course, Capital Vol I-III
Interested in Marxism-Leninism, but don’t know where to start? Check out my “Read Theory, Darn it!” introductory reading list!
Weird take, i guess the current definition of capitalism, but go to Ancient Rome or Babylon and tell me you don’t see capitalism
Answered here. Commerce isn’t Capitalism, and neither is small manufacture.
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That wasn’t really my argument though. As you yourself said, a bunch of quantitative changes from proto-capitalist formations resulted in a qualitative shift.
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I disagree. Back in earlier forms of agricultural accumulation, technology hadn’t developed the same system of rapid expansionism as Capitalism and the creation of large industry has brought. The M-C-M’ circuit wasn’t always here. Class society has existed, but not the same mechanisms of Capitalism as an encompassing system.
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The technical constraints were also constraints on the Mode of Production. The Roman Aqueducts were largely slave driven like the rest of Roman society, not through commodity production and the M-C-M’ circuit affording it. Rome also extracted vast rents from the colonies.
Elements of the old exist in the new, and elements of the new existed in the old, yes. However, Capitalism as an encompassing system is only a few hundred years old.
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Where’s the steam engines and factories?
And the conveniently small children?
I would argue that you’d need Publically Traded Companies, and thus Stocks, and thus a Stock Market, and also Stock Exchanges to be able to form a Capitalism.
Of course, “private ownership of the means of production” is an important aspect as well.