Tag: Contemporary Capitalism

NOVANEWS – Arindam Sen Part III Part – I Part – II  Part – III Following a brief overview of Marx’s Magnum Opus (Part I) and an assessment of the relevance/usefulness of its key findings in understanding contemporary capitalism (Part II), in this concluding part we discuss the genesis and transcendence of capital as depicted in Capital in light of the elementary Marxist understanding of societal change in general. From Manifesto to Capital, one central theme stands out in bold relief: the inherently contradictory and transitory nature of capitalism, with labour playing a historic role in overthrowing the rule of capital. On one hand, capitalism is incomparably more dynamic compared to the previous modes of production in terms of technological innovation and enhancement in the produc...