Category: Crisis

Anarchy of capitalist production flows from the private ownership of production and the wage labor system. Individual corporations produce for the market, competing for consumers’ dollars, seeking to expand production and to put their competitors out of business. This anarchy results in cyclical crisis of overproduction. No one knows how much of his particular article […]

The general crisis of capitalism was the political-military antagonism between world imperialism and Soviet power. The 1917 Soviet revolution ushered in the general crisis of capitalism after the Bolsheviks established the military dictatorship of the proletariat and placed 1/6 of the world under proletarian rule, and out of reach of the imperialists. Political-military antagonism combined […]